EGO
Eldorado Gold Corporation
EGO's fundamentals are strong and it looks cheap: trading at 11x earnings, below its usual 14x. Analysts expect strong earnings growth, though they disagree widely on how much.
EGO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Weak | |
| Strong |
EGO's profitability and balance sheet are currently strong, and its revenue is stable, but its cash flow is weak.
EGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7x | $31.84 | — |
| Cheap | 10x | $31.39 | -1.4% |
| Current | 11x | $31.84 | — |
| Fair | 14x | $42.20 | +33% |
| Expensive | 20x | $59.00 | +85% |
Historical ranges are pointers, not guarantees.
EGO's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 7.0x next year's earnings.
EGO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for EGO, with profitability improving. However, they disagree widely on these estimates.
EGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.55 | +52% |
| Q3 2026 | $3.00 | +66% |
| Q2 2026 | $2.83 | +42% |
| Q1 2026 | $2.84 | +77% |
| Q4 2025 | $2.51 | +78% |
| Q3 2025 | $1.81 | +35% |
| Q2 2025 | $2.00 | +138% |
| Q1 2025 | $1.60 | +181% |
| Q4 2024 | $1.41 | +166% |
EGO's earnings per share have climbed steadily: $3.00 over the past year, up 66% from the year before, and higher year over year for eight quarters in a row.
EGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $503.3M | +17% |
| Q2 2026 | $475.1M | +5.2% |
| Q1 2026 | $532.4M | +50% |
| Q4 2025 | $586M | +34% |
| Q3 2025 | $429.9M | +30% |
| Q2 2025 | $451.7M | +52% |
| Q1 2025 | $355.2M | +38% |
| Q4 2024 | $435.7M | +42% |
EGO's revenue has grown year over year for 16 quarters in a row: $503M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 42% | +2 points |
| Q2 2026 | 43% | +4.3 points |
| Q1 2026 | 49% | +17 points |
| Q4 2025 | 46% | +7.1 points |
| Q3 2025 | 40% | +9.6 points |
| Q2 2025 | 39% | +9.3 points |
| Q1 2025 | 32% | +8.8 points |
| Q4 2024 | 39% | +17 points |
EGO's operating margin was 42% last quarter, up 2 points from the same quarter a year ago.
EGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$316.4M | -$205M |
| Q2 2026 | -$338.6M | -$291.5M |
| Q1 2026 | -$174.6M | -$148.5M |
| Q4 2025 | $164.5K | -100% |
| Q3 2025 | -$111.4M | -3271% |
| Q2 2025 | -$47.1M | -$24.3M |
| Q1 2025 | -$26.1M | -$649K |
| Q4 2024 | $74.8M | +150% |
EGO has burned cash in six of the last eight quarters: −$829M over the past year, against −$110M the year before.
EGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.7% | +9.5M shares |
| 1 year | +28% | +58.3M shares |
| 3 years | +30% | +61M shares |
| 5 years | +43% | +79.5M shares |
| Available history | +59% | +98.2M shares |
EGO has 263M diluted shares, up 28% from a year ago, despite $178M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $4.5M |
| Q1 2026 | $88.4M |
| Q4 2025 | $84.7M |
| Q3 2025 | $82.7M |
| Q2 2025 | $48.6M |
| Q1 2025 | $1.8M |
| Q4 2024 | $963,319 |
EGO spent $178M buying back its own shares over the past year, up 32% from the year before.
EGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | 0.1x | Very low |
EGO has more cash than debt.
EGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.1 | Neutral |
| Stochastic | 15.2 | Oversold |
EGO's weekly RSI is 44 (neutral) and its Stochastic is 15 (oversold).
EGO PE vs Basic Materials Sector
| Metric | EGO | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 19x | 43% below |
| PE % | 18 | 40 | 22 pts below |
EGO is trading at 11x earnings, a 43% discount to the Basic Materials sector's median of 19x.
EGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.4 | 10% below |
| 20 week MA | $36.8 | 14% below |
| 50 week MA | $36.4 | 13% below |
| 100 week MA | $28.6 | 12% above |
| 200 week MA | $20.7 | 54% above |
EGO has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 54% above its 200-week average.
EGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.63 | $13.3 | +74% |
| 2021 | $13.3 | $9.43 | -29% |
| 2022 | $9.43 | $8.39 | -11% |
| 2023 | $8.39 | $13.0 | +55% |
| 2024 | $13.0 | $15.0 | +15% |
| 2025 | $15.0 | $37.2 | +148% |
| 2026 YTD | $37.2 | $31.8 | -14% |
EGO has finished higher in four of the last six years, three of them by more than 50%. It's down 14% so far in 2026.