|Bid||1.18 x 0|
|Ask||1.20 x 0|
|Day's Range||1.18 - 1.20|
|52 Week Range||1.03 - 2.40|
|Beta (3Y Monthly)||3.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.24|
A year ago, the Batista brothers agreed to sell Eldorado Brasil Celulose to Paper Excellence Group, a Netherlands-based company owned by Jackson Widjaja, the grandson of Indonesian mogul Eka Widjaja. Widjaja’s company, which had already bought a 49.4 percent interest in Eldorado, would remain as a minority holder while the Brazilians would retain control, J&F said. Eldorado is run by Aguinaldo Ramos Filho, the 25-year -old nephew of Wesley and Joesley, who also has a seat on the JBS board.
Cheap gold stocks like Centamin PLC (TSX:CEE), Kinross Gold Corp (TSX:K)(NYSE:KGC), and Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) could soar if the market keeps plunging.
While Eldorado Gold Corp. (TSX:ELD)(NYSE:EGO) delivered some disappointing results it is poised to unlock considerable value.
Eldorado Gold Corporation (TSE:ELD) is a small-cap stock with a market capitalization of CA$910m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they Read More...
VANCOUVER, Sept. 28, 2018 /CNW/ - Eldorado Gold Corporation ("Eldorado" or "the Company") provides the following updates. Eldorado Gold will release its Q3 2018 Financial and Operational Results after the market closes on Thursday, October 25, 2018 and will host a conference call on Friday, October 26, 2018 at 11:30am ET (8:30am PT). Further to the Company's announcement on July 11, 2018, Philip Yee joined Eldorado as Executive Vice President and Chief Financial Officer on September 24, 2018. Charles Parker, Acting CFO, will resume his role as Corporate Controller. The Company wishes to thank Charlie for his hard work in managing Eldorado's Finance department in recent months.
Eldorado Gold (EGO) stock has seen rapidly deteriorating analyst sentiments in the past year. Currently, only 17% of the 13 Wall Street analysts covering the stock rate it a “buy.” That stands in sharp contrast to the ~50% “buy” ratings it had almost a year ago. Eldorado stock has lost 38.4% of its value year-to-date as of September 24.
Currently, Iamgold (IAG) has the fourth-highest “buy” ratings at 75%. There has been a significant turnaround in analysts’ sentiments for IAG stock. Until December 2017, only 54% of analysts were recommending a “buy” for the stock.
New Gold (NGD) stock has had one of the poorest showings YTD (year-to-date). As of September 24, it has fallen 75%, significantly underperforming its peers (GDXJ) (NUGT) Eldorado Gold (EGO), Iamgold (IAG), Alamos Gold (AGI), and Randgold Resources (GOLD), which have fallen 38.4%, 33.4%, 28.1%, and 31.1%, respectively.
In Why the Bottom for Gold Could Be Close, we highlighted how gold prices have been weakening since April but why the bottom could be close. Year-to-date (or YTD), the SPDR Gold Shares (GLD) has declined 8.2% as of September 24. Gold’s weakness in 2018 could be mainly attributed to the US dollar’s (UUP) strength and the higher interest rate outlook (TLT).
The differences between Eldorado and the government over the miner's plans to produce gold and other metals in the northern Greek region of Halkidiki have dragged on for years, mainly over environmental regulations. "We hope that this matter can be resolved in an amicable manner without needing to go down the route of arbitration," said Chief Executive George Burns in a statement. Eldorado has blamed Greece for long delays in issuing necessary permits, while Athens said the company submitted a deficient plan to build a metallurgical plant that will process ores mined in Skouries and Olympias.
Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project. The company says the application is a non-judicial request for payment and does not initiate legal proceedings. Eldorado chief executive George Burns called it a "good-faith attempt" to resolve the matter with the Greek government.
Compounded with the drop in the price of gold, mixed earnings reports sent several gold mining companies' stocks south in the final days of summer.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Historically, Iamgold (IAG) has traded at a lower valuation than its peers. However, after its significant turnaround in 2017 and year-to-date, its discount compared to its peers has decreased. Among Iamgold’s (IAG) close peers, Agnico Eagle Mines (AEM), Yamana Gold (AUY), Eldorado Gold (EGO), and New Gold (NGD) have forward multiples of 11.3x, 5.7x, 6.7x, and 4.6x, respectively.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Iamgold’s (IAG) Westwood mine had a pivotal year in 2017 since it resumed operating at its normal production level in Q2 2017. Along with Essakane and Rosebel, the Westwood mine delivered lower production in Q2 2018.
Along with its Q2 2018 results, Kinross Gold (KGC) provided an update on its organic development projects. The construction of Kinross Gold’s Tasiast Phase One expansion is complete, and its first ore has gone through a Semi-Autogenous Grinding (or SAG) mill. The company also stated that during the past month, throughput has continued to ramp up and has peaked at 12,000 tons per day. As we highlighted in Geopolitical Concerns Overwhelm Kinross Gold, Stock Plunges 11%, the company received a letter in May from the government of Mauritania about its desire to participate more in the company’s activities in the country.
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) doesn’t come out on top in today’s report on Canadian gold stocks. Which others beat it?
What Sent Yamana Gold’s Stock Up 10% after Its Earnings Release? Yamana Gold’s (AUY) valuation multiples, which represent how much investors are willing to pay for a stock based on analysts’ estimates, has ranged between 4.3x and 9.8x over the last five years. Yamana is currently trading at a forward EV1-to-EBITDA multiple of 5.4x.
TSX: ELD NYSE: EGO VANCOUVER , July 26, 2018 /CNW/ - Eldorado Gold Corporation, ("Eldorado" or "the Company") today reports the Company's financial and operational results for ...
Among the senior and intermediate gold miners, Agnico Eagle Mines (AEM) has the highest forward multiple of 12.1x, representing a premium of 18.0% to its last-five-year average multiple. As you can see in the graph above, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.
IAMGOLD (IAG) was the best-performing gold stock of 2017, returning 51.4% for the year. It significantly outperformed the VanEck Vectors Gold Miners ETF (GDX) as well as the SPDR Gold Shares ETF (GLD). Although it hasn’t performed as well in 2018, it has given positive returns, outperforming the SPDR Gold Shares ETF (GLD) and the VanEck Vectors Gold Miners ETF (GDX) year-to-date.
Eldorado Gold (EGO) stock suffered a great deal in 2017 due to the standoff with the Greek government and some technical issues at its mines in Turkey. The falling production at its flagship mine in Turkey also impacted the stock negatively. The company’s stock price fell ~56.0% in 2017 in addition to the YTD (year-to-date) decline of 24.5%.