Eldorado Gold Corporation Ordinary Shares (EGO)

FairStock Score: 79/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable competitive advantages, honest accounting, and a margin of safety. Eldorado Gold is a gold and base-metals miner in Turkey, Canada, and Greece. Its product is a commodity, so it has little pricing power; any moat must come from low-cost reserves and disciplined execution. At the 2026-10-13 close of $36.65, the market cap is $8.3B. FairStock calculations show a P/E of 12.77, P/B of 1.39, ROE of 11.27%, ROCE of 6.86%, and D/E of 0.26. The Graham Number is $41.22, leaving an 11.09% margin of safety. In the latest fiscal Q2 2026, revenue was $487.5M and net income was $172.8M, a 35.45% net margin, a strong quarter. However, trailing free cash flow is -$593.7M and FCF yield is -7.1%, so reported profits are not yet converting into cash. The Piotroski F-Score of 3/9 and Altman Z-Score of 1.45 are weak. EV/EBITDA is 8.77, PEG is 0.51, dividend yield is 0.69%, and beta is 1.51. The 52-week range is $24.44-$51.16. FairStock assigns no Lynch category because there are only 0 years of filed results, not the required 3. Price looks fair to modestly cheap against the Graham Number and earnings, but negative free cash flow and weak financial-health scores keep me cautious. I would want consistent positive cash generation before calling this a true value.

In plain English: Eldorado Gold mines gold, silver, lead and zinc mainly in Turkey, Canada and Greece. The business is profitable and carries only modest debt, but it has been burning cash lately, which makes it less sturdy than the headline profit suggests. At $36.65, the shares look roughly fairly priced with a small discount to a simple estimate of value, not a screaming bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer