Erd.To
Eldorado Gold (ERD.TO) is a Canadian-based diversified mining company that explores, develops, and operates gold properties in North America, Europe, and Asia.
Business. Eldorado Gold (ERD.TO) is a Canadian-based diversified mining company that explores, develops, and operates gold properties in North America, Europe, and Asia.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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Upcoming catalysts
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- Macro
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Eldorado Gold (ERD.TO) is a Canadian-based diversified mining company that explores, develops, and operates gold properties in North America, Europe, and Asia.
Eldorado Gold's capital structure is characterized by a very low debt-to-equity ratio of 0.0, indicating a nearly debt-free balance sheet. The company maintains a strong liquidity position with a current ratio of 3.54, supported by CAD 4.66 million in cash and equivalents. However, the company's operating cash flow is negative at CAD -4.63 million, and free cash flow is also negative at CAD -9.71 million, suggesting operational challenges in generating positive cash flow.
Profitability metrics are severely negative, with a return on equity of -15% and a return on assets of -14.59%. These figures are well below the industry median for diversified mining companies, which typically report positive returns in a stable gold price environment. The company's net loss of CAD 8.18 million and operating loss of CAD 6.45 million further underscore the financial strain.
Geographically, Eldorado Gold's revenue is concentrated in North America, Europe, and Asia, though the exact distribution is not disclosed in the available data. The company's exposure to these regions may be subject to regulatory, environmental, and geopolitical risks, particularly in jurisdictions with complex mining regulations.
The company's growth trajectory is currently negative, with no specific numeric deltas provided for the current or next fiscal year. The negative operating and net income, combined with negative cash flows, suggest a lack of momentum in revenue or margin expansion. Analysts have assigned a mean price target of CAD 14.50, with a single "buy" recommendation and no "strong buy" ratings, indicating limited near-term optimism.
Risk factors include low liquidity and the potential for operational underperformance, though no immediate filing-based liquidity or dilution flags were detected. The company's dilution potential is currently assessed as low, and no adjustments to valuations have been applied, suggesting that the capital structure remains stable.
Recent events include the publication of the latest financial results, which show continued losses and negative cash flows. No significant filings or transcripts were disclosed in the available data, and the company's recent performance appears to be driven by ongoing operational challenges rather than strategic or regulatory developments.
- Eldorado Gold is a diversified gold mining company with a nearly debt-free balance sheet but negative operating and net income.
- The company's return on equity and return on assets are significantly negative, indicating poor profitability.
- Liquidity is strong with a current ratio of 3.54, but operating and free cash flows are negative.
- Analysts have assigned a mean price target of CAD 14.50, with limited buy-side enthusiasm.
- No immediate liquidity or dilution risks were detected, but the company's operational performance remains a concern.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
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FX exposure
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Derivatives & instruments
Physical assets
4 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Bayan Khundii | Mine | Gold | China (Mainland) | Operating company |
| Bayan Khundii | Other | Gold | China (Mainland) | Operating company |
| Zuun Mod Copper/Molybdenum Deposit | Mine | Molybdenum | Mongolia | Operating company |
| Zuun Mod Copper/Molybdenum Deposit | Other | Molybdenum | Mongolia | Operating company |
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- ERD.TO Market data — financials · 2026-05-27
- Erdene Resource Development Corp Market data — analyst estimates · 2026-05-27
Ownership & reference
Leadership
- Peter C. AkerleyPresident, Chief Executive Officer, Director