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EGO $16.18

EGO target price
16.18
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Eldorado Gold Corporation
Type
Public
Traded as TSX: ELD
NYSE: EGO
Industry Gold
Founded 1992 but amalgamated as Eldorado Gold Corporation in 1996
Headquarters Vancouver, British Columbia, Canada
Number of locations
Brazil, Greece, Romania, Serbia, Turkey
Key people
Paul N. Wright (President & CEO)
Paul Skayman (COO)
Fabiana Chubbs (CFO)
Dawn Moss (EVP Administration)
Revenue US$863.3 million (2015)
Operating income
US$256.92 million (2015)
Net income
US$(1.645) billion (2015)
Total assets US$5.464 billion (2015)
Total equity US$3.752 billion (2015)
Number of employees
4,600 (end 2016)
Subsidiaries Tuprag www.tuprag.com.tr
Hellas Gold www.hellas-gold.com
Website www.eldoradogold.com

Eldorado Gold Corporation is a Canadian mid-cap gold mining company. It has assets in Turkey, Greece, Romania, Brazil and Serbia. Eldorado's activities involve all facets of mining, including exploration, development, production and reclamation.

With headquarters in Vancouver, Eldorado's 14 offices and operations employ over 4,600 people worldwide. The company operates as a decentralized business unit with the majority of employees and management being nationals of the country where offices are located.

Eldorado has over 20 years of experience in building and operating mines globally. The company is dedicated to responsible operations, the highest safety and environmental standards and working with stakeholders to enhance the communities where it operates.

Eldorado is publicly traded on the Toronto Stock Exchange (TSX: ELD) and on the New York Stock Exchange (NYSE: EGO).

Eldorado has two operating gold mines, Kisladag and Efemcukuru, both of which are in western Turkey. Together, these produce about 40% of Turkey's total annual gold production.

Eldorado also operates a small silver-lead-zinc mine in Greece: Stratoni.

Eldorado produced just over 485,000 ounces of Au in 2016 at average cash operating costs of US$578 per ounce and all in sustaining costs of approximately $915 per ounce.

At the end of 2015, the company had proven and probable gold reserves of approximately 25 million ounces.

The company estimates it will produce between 365,000-400,000 ounces of gold at cash operating costs between $485–535 per ounce in 2017.

Eldorado operates in Turkey under its subsidiary: Tuprag and in Greece under its subsidiaries: Hellas Gold and Thracean Gold Mining.

Eldorado produced 486,025 ounces of gold in 2016 at all-in sustaining costs of approximately $900 per ounce. The Company generated $605.9 million in revenue and reported a loss of $344.2 million for full year 2016.

In Q1 2017 Eldorado produced 75,172 ounces of gold at all-in sustaining cash costs of $791 per ounce. The Company reported adjusted net earnings for the quarter of $8 million and also announced it had commissioned phase II development at its Olympias gold mien in Greece.

Eldorado has three development projects in Greece, one in Romania and one in Brazil.

Greece Hellas Gold's three assets are located in the Halkidiki peninsula in northern Greece. Hellas Gold operates Stratoni, an underground, silver-lead-zinc mine and is developing Olympias, a polymetallic deposit and Skouries, a gold-copper porphyry. All three projects have full environmental approvals, that have been challenged and upheld on multiple occasions by the Council of State, Greece’s Supreme Court on environmental and administrative affairs.

Thracean Gold Mining holds Perama Hill, a gold-silver vein deposit in Thrace, which is currently on care and maintenance pending receipt of the Environmental Impact Assessment permit.

In Romania, Eldorado is working to develop the Certej project, an epithermal gold-silver deposit in the Apuseni Mountains. In Brazil, Eldorado is developing the Tocantinzinho gold project in the Tapajos district in Para State.

Eldorado completed the sale of its four Chinese assets in Q3/Q4 2016.

In May 2017 Eldorado announced it would acquire junior explorer Integra Gold Corp. in a cash and share transaction valued at CA$590 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2021 2022-10-26 Future report Set alerts
Q2 2021 2022-07-28 0.08 0.08
Q2 2022 2022-07-27 Future report Set alerts
Q1 2022 2022-04-28 Future report Set alerts
Q4 2021 2022-02-24 Future report Set alerts
Q1 2021 2021-04-29 0.12 0.12
Q4 2020 2021-02-25 0.33 0.33
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-07-30 0.26 0.26
Q1 2020 2020-04-30 0.08 -0.03

Ratings

2016-07-07 Reiterated Rating HSBC Buy
2016-06-27 Upgrade Raymond James Market Perform to Outperform
2016-06-27 Upgrade Raymond James Financial Inc. Market Perform to Outperform
2016-06-05 Reiterated Rating Credit Suisse Buy $6.00
2016-06-05 Reiterated Rating Credit Suisse Group AG Buy $6.00
2016-05-18 Upgrade Scotiabank Sector Perform to Outperform
2016-05-18 Upgrade Howard Weil Sector Perform to Outperform
2016-05-17 Reiterated Rating RBC Capital Outperform $6.00 to $7.00
2016-05-17 Reiterated Rating Royal Bank Of Canada Outperform $6.00 to $7.00
2016-05-16 Downgrade Dundee Securities Buy to Neutral
2016-05-16 Reiterated Rating TD Securities Buy $5.50 to $6.00
2016-05-16 Reiterated Rating Bank of America Sell
2016-05-16 Reiterated Rating Bank of America Corp. Sell
2016-05-10 Reiterated Rating RBC Capital Outperform $4.00 to $6.00
2016-05-09 Upgrade Dundee Securities Neutral to Buy
2016-05-09 Upgrade Canaccord Genuity Hold to Buy $5.75 to $7.00
2016-04-11 Reiterated Rating Credit Suisse Buy
2016-04-08 Upgrade Credit Suisse Neutral to Outperform $3.25 to $4.00
2016-04-08 Boost Price Target CIBC $3.25 to $3.50
2016-03-31 Reiterated Rating TD Securities Buy $5.00 to $4.50
2016-03-30 Boost Price Target JPMorgan Chase & Co. Overweight $6.00 to $6.50
2016-03-25 Lower Price Target TD Securities Buy $5.00 to $4.50
2016-03-24 Reiterated Rating Credit Suisse Neutral $3.25 to $3.00
2016-03-14 Boost Price Target Raymond James $4.25 to $5.00
2016-03-12 Downgrade Northcoast Research Buy to Neutral
2016-03-11 Downgrade Bank of America Neutral to Underperform
2016-02-16 Downgrade Canaccord Genuity Buy to Hold
2016-02-05 Reiterated Rating JPMorgan Chase & Co. Overweight
2016-01-27 Reiterated Rating RBC Capital Outperform $3.50 to $3.00
2016-01-26 Reiterated Rating Canaccord Genuity Buy $4.25 to $4.00
2016-01-26 Upgrade Dundee Securities Sell to Neutral
2016-01-25 Downgrade CIBC Sector Outperform to Sector Perform
2016-01-19 Lower Price Target RBC Capital Outperform $4.00 to $3.50
2016-01-14 Lower Price Target Barclays $5.00 to $3.50
2016-01-14 Lower Price Target Barclays PLC $5.00 to $3.50
2016-01-13 Upgrade TD Securities Buy $3.75
2016-01-13 Lower Price Target HSBC Buy $5.20 to $3.80
2016-01-13 Lower Price Target CIBC Sector Outperformer $5.00 to $3.50
2016-01-13 Upgrade Canaccord Genuity Hold to Buy $4.25
2015-12-03 Reiterated Rating TD Securities Hold $8.00 to $6.00
2015-11-03 Boost Price Target RBC Capital Outperform $4.25 to $4.50
2015-10-30 Boost Price Target Credit Suisse $3.75 to $4.25
2015-10-06 Boost Price Target Credit Suisse Neutral $3.25 to $3.75
2015-09-22 Upgrade Paradigm Capital Hold to Buy
2015-09-08 Lower Price Target HSBC Buy $5.60 to $5.20
2015-09-01 Lower Price Target Scotiabank $4.00 to $3.75
2015-08-25 Downgrade Scotiabank Outperform to Sector Perform
2015-08-25 Reiterated Rating RBC Capital Buy $4.25
2015-08-24 Lower Price Target Scotiabank $7.00 to $4.00
2015-08-24 Downgrade Howard Weil Outperform to Sector Perform
2015-08-24 Lower Price Target RBC Capital Outperform $5.50 to $5.00
2015-08-24 Downgrade Canaccord Genuity Buy to Hold $6.00 to $4.50
2015-08-21 Downgrade Raymond James Outperform to Market Perform
2015-08-20 Downgrade Credit Suisse Outperform to Neutral
2015-08-20 Initiated Coverage TD Securities Hold $4.50
2015-08-19 Lower Price Target BMO Capital Markets Outperform to Market Perform $7.00 to $5.00
2015-08-14 Upgrade BMO Capital Markets Market Perform to Outperform $5.00 to $7.00
2015-08-10 Lower Price Target RBC Capital Outperform $6.50 to $5.50
2015-08-04 Lower Price Target Scotiabank $7.50 to $7.00
2015-07-31 Upgrade Canaccord Genuity Hold to Buy
2015-07-16 Reiterated Rating Barclays Equal Weight $7.00 to $5.00
2015-06-24 Lower Price Target Credit Suisse Neutral $6.00 to $5.25
2015-06-24 Lower Price Target Morgan Stanley $6.50 to $6.00
2015-06-16 Initiated Coverage BMO Capital Markets Market Perform
2015-06-01 Reiterated Rating Canaccord Genuity Hold $6.50 to $6.75
2015-05-01 Reiterated Rating Canaccord Genuity Hold
2015-03-12 Lower Price Target RBC Capital Outperform $7.50 to $6.50
2015-02-26 Upgrade Goldman Sachs Sell to Neutral
2015-02-26 Upgrade Goldman Sachs Group Inc. Sell to Neutral
2015-02-23 Reiterated Rating Canaccord Genuity Hold
2015-02-02 Upgrade Macquarie Neutral to Outperform
2015-01-27 Upgrade Canaccord Genuity Sell to Hold
2015-01-21 Downgrade Canaccord Genuity Hold to Sell $9.00 to $8.75
2015-01-21 Downgrade TD Securities Buy to Hold
2015-01-21 Downgrade Credit Suisse Outperform to Neutral
2015-01-15 Lower Price Target Barclays Equal Weight $8.00 to $7.00
2014-11-03 Reiterated Rating Barclays Equal Weight $9.00 to $8.00
2014-10-03 Upgrade RBC Capital Sector Perform to Outperform $7.08 to $9.00
2014-08-04 Reiterated Rating Barclays Equal Weight $7.00 to $9.00
2014-07-17 Boost Price Target Credit Suisse $9.00 to $10.00
2014-07-10 Downgrade Canaccord Genuity Buy to Hold $9.00
2014-07-09 Boost Price Target RBC Capital $8.50 to $9.00
2014-07-08 Boost Price Target Morgan Stanley $7.30 to $7.80
2014-05-05 Upgrade Cormark Buy
2014-04-04 Upgrade Canaccord Genuity Hold to Buy
2014-02-25 Downgrade Haywood Securities Hold
2014-02-24 Downgrade TD Securities Buy
2014-02-24 Downgrade Mackie Buy to Hold
2014-01-20 Reiterated Rating RBC Capital Sector Perform
2014-01-17 Lower Price Target Barclays Equal Weight $8.00 to $7.00
2014-01-17 Lower Price Target Raymond James $10.50 to $9.50
2013-11-26 Downgrade Morgan Stanley Overweight to Equal Weight $8.00 to $7.70
2013-11-11 Lower Price Target TD Securities Action Buy List $11.00 to $10.00
2013-11-11 Reiterated Rating RBC Capital Sector Perform $9.00
2013-11-11 Reiterated Rating CIBC Sector Outperform $9.00
2013-11-11 Boost Price Target Canaccord Genuity Hold $7.75 to $8.00
2013-11-11 Lower Price Target Barclays Equal Weight $9.00 to $8.00
2013-11-11 Upgrade Mackie Hold to Buy
2013-10-24 Initiated Coverage Canaccord Genuity Hold
2013-10-22 Lower Price Target Haywood Securities Buy $14.25 to $7.50
2013-09-20 Initiated Coverage Goldman Sachs Sell $4.50
2013-02-25 Reiterated Barclays Equal Weight $15 to $14
2012-07-30 Upgrade Stifel Nicolaus Hold to Buy $14.50
2012-04-13 Upgrade BMO Capital Markets Market Perform to Outperform $18.50 to $20
2010-03-23 Initiated Global Hunter Securities Sell $11
2009-11-05 Upgrade RBC Capital Mkts Sector Perform to Outperform
2009-08-27 Upgrade BMO Capital Markets Market Perform to Outperform
2009-04-27 Reiterated Rodman & Renshaw Mkt Outperform $10.25 to $11
2009-04-15 Upgrade UBS Neutral to Buy
2016-07-07 Reiterated Rating HSBC Buy
2016-06-27 Upgrade Raymond James Market Perform to Outperform
2016-06-27 Upgrade Raymond James Financial Inc. Market Perform to Outperform
2016-06-05 Reiterated Rating Credit Suisse Buy $6.00
2016-06-05 Reiterated Rating Credit Suisse Group AG Buy $6.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks