EGO
Basic MaterialsEldorado Gold Corporation · Gold · $6B
What is Eldorado Gold Corporation?
Eldorado Gold Corporation is a mid-cap gold producer with operating mines across Turkey, Canada, and Greece. The company also produces silver, lead, and zinc as by-products, giving it a diversified mineral revenue base.
Eldorado Gold generates revenue by mining and selling gold and associated minerals from a portfolio of wholly or majority-owned assets. Its flagship operations include the Kisladag and Efemcukuru mines in Turkey, the Lamaque mine in Canada, and several Greek assets including Olympias and the development-stage Skouries project. The company also holds an interest in the Certej development project in Romania, positioning it for future production growth beyond its current operating base.
Incorporated in 1992 and headquartered in Vancouver, Canada, Eldorado Gold adopted its current name in April 1996.
- Gold production from mines in Turkey, Canada, and Greece
- Silver, lead, and zinc by-product sales
- Exploration and development pipeline including Skouries and Certej
- Multi-jurisdiction asset base reducing single-country concentration
Is EGO a Good Stock to Buy?
UQS Score rates EGO as Good overall, reflecting a balanced profile with meaningful strengths and some areas of caution.
The Growth pillar stands out as the clearest positive — Eldorado's expanding production base and development pipeline support an above-average growth outlook relative to sector peers. Valuation is rated Attractive, suggesting the market may not be fully pricing in the company's forward potential. The Risk pillar also earns a Good rating, indicating the business carries a manageable risk profile for a multi-jurisdiction miner.
The Moat pillar is rated Weak, which is common among gold producers that compete largely on cost efficiency and asset quality rather than durable pricing power or brand differentiation.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does EGO pay dividends?
Yes — Eldorado Gold Corporation pays a dividend.
Eldorado Gold pays a regular dividend, which is relatively uncommon among mid-cap gold miners still investing heavily in development projects. The dividend signals a degree of financial confidence from management while the company simultaneously funds growth assets like Skouries. Income-focused investors should weigh the dividend against the capital demands of an active development pipeline.
When does EGO report earnings?
Eldorado Gold reports earnings on a quarterly cadence, consistent with standard practice for TSX and NYSE-listed mining companies.
Quarterly results for gold producers like Eldorado are typically shaped by realized gold prices, production volumes, and all-in sustaining costs. Development milestones at projects such as Skouries have increasingly influenced how the market interprets each reporting period.
For the most recent quarter's results and guidance updates, visit Eldorado Gold's investor relations page directly.
EGO Price History
+168.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Eldorado Gold Corporation?
Based on Eldorado Gold Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
EGO Long-term Outlook
Eldorado's Strong Growth pillar reflects a credible production ramp-up story anchored by the Skouries project in Greece and continued output from its Turkish and Canadian mines. The Attractive Valuation label suggests the stock may offer a reasonable entry point relative to its growth trajectory. However, the Weak Moat rating is a reminder that gold miners remain exposed to commodity price cycles, and the Good Risk rating — while reassuring — does not eliminate the execution risks inherent in multi-jurisdiction development.
Growth drivers
- Skouries project ramp-up adding meaningful production capacity in Greece
- Continued optimization at Kisladag and Lamaque mines
- Exposure to gold price tailwinds in a macro environment favoring hard assets
Key risks
- Permitting and construction execution risk at development-stage assets
- Gold price volatility directly impacting revenue and margins
- Political and regulatory risk across Turkey, Greece, and Romania
EGO vs Peers
Eldorado Gold operates in a competitive mid-tier gold mining space alongside several peers with distinct geographic and strategic profiles.
K92 Mining focuses on a single high-grade underground mine in Papua New Guinea, offering concentrated exposure compared to Eldorado's multi-country diversification.
B2Gold operates across Africa and the Americas with a track record of consistent production and a more established dividend history than many mid-tier peers.
NovaGold is primarily a development-stage company centered on the Donlin Gold project in Alaska, making it a higher-risk, longer-horizon bet than Eldorado's producing asset base.
Frequently Asked Questions
What does Eldorado Gold do?
Eldorado Gold is a mid-cap gold mining company that operates mines in Turkey, Canada, and Greece while also developing projects in Romania. It primarily produces gold, with silver, lead, and zinc as by-products. Revenue comes from selling these minerals on global commodity markets.
Does EGO pay dividends?
Yes, Eldorado Gold pays a regular dividend. This is notable for a mid-cap miner that is simultaneously funding significant development projects. Investors should review the current dividend policy on the company's investor relations page for the latest details.
When does EGO report earnings?
Eldorado Gold follows a quarterly earnings cadence standard for companies listed on North American exchanges. Specific upcoming report dates are best confirmed through the company's investor relations page or your brokerage's earnings calendar.
Is EGO a good stock to buy?
UQS Score rates EGO as Good overall. The Growth pillar is Strong and Valuation is Attractive, which together suggest a reasonable risk-reward profile. The Weak Moat rating reflects the commodity-driven nature of gold mining. The full pillar breakdown is available to UQS Pro members.
Is EGO overvalued?
The UQS Valuation pillar for EGO is rated Attractive, suggesting the stock is not obviously expensive relative to its fundamentals and growth profile. Valuation in gold mining is also influenced by the prevailing gold price, which can shift quickly.
How does EGO compare to its competitors?
Compared to peers like B2Gold, K92 Mining, and NovaGold, Eldorado stands out for its multi-jurisdiction producing asset base combined with an active development pipeline. NovaGold is pre-production, K92 is single-asset, and B2Gold has a broader Africa-focused portfolio — each carries a different risk and growth profile.
What is EGO's market cap bracket?
Eldorado Gold is classified as a mid-cap company. This places it above the smaller exploration-stage miners but below the major global gold producers, giving investors exposure to growth potential with more operational track record than micro-cap peers.
Who founded Eldorado Gold?
Eldorado Gold was incorporated in 1992 and operated under the name Eldorado Corporation Ltd. before adopting its current name in April 1996. Detailed founding history is publicly available through the company's corporate disclosures and investor relations materials.
Is EGO a long-term quality investment?
From a long-term quality standpoint, EGO's Good overall UQS Score reflects a company with genuine growth assets and manageable risk, tempered by a Weak Moat. Gold miners' long-term returns are tied closely to commodity prices and operational execution — both factors worth monitoring over time.
What is the main competitive advantage of Eldorado Gold?
Eldorado's primary edge lies in its diversified portfolio of producing mines and a credible development pipeline, particularly the Skouries project in Greece. Geographic diversification across Turkey, Canada, and Greece reduces reliance on any single jurisdiction, though it also introduces multi-country regulatory complexity.
What sector does EGO belong to?
Eldorado Gold belongs to the Basic Materials sector, specifically within the gold mining industry. Companies in this sector are heavily influenced by commodity price cycles, making factors like cost management, reserve quality, and balance sheet strength especially important for long-term performance.
Is EGO a growth stock or value stock?
Based on UQS pillar labels, EGO leans toward a growth-oriented profile — the Growth pillar is rated Strong — while also carrying an Attractive Valuation rating. This combination suggests it may appeal to investors seeking growth exposure without paying a significant premium.
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Pro Analysis
EGO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 60.8 | 51.7 | 20.0 | 85.0 | 76.6 | 96.0 | 0.0 |
| May 21, 2026 | 60.8 | 51.7 | 20.0 | 85.0 | 76.6 | 95.8 | -0.1 |
| May 19, 2026 | 60.9 | 51.7 | 20.0 | 85.0 | 76.6 | 96.5 | 0.0 |
| May 16, 2026 | 60.9 | 51.7 | 20.0 | 85.0 | 76.6 | 96.7 | +0.2 |
| May 12, 2026 | 60.7 | 51.7 | 20.0 | 85.0 | 76.6 | 95.4 | -0.3 |
| May 8, 2026 | 61.0 | 51.7 | 20.0 | 85.0 | 76.6 | 97.1 | +0.2 |
| May 3, 2026 | 60.8 | 51.1 | 20.0 | 85.0 | 79.0 | 94.5 | 0.0 |
| May 1, 2026 | 60.8 | 51.1 | 20.0 | 85.0 | 79.0 | 94.3 | 0.0 |
| Apr 26, 2026 | 60.8 | 51.1 | 20.0 | 85.0 | 79.0 | 94.1 | +0.1 |
| Apr 25, 2026 | 60.7 | 51.1 | 20.0 | 85.0 | 79.0 | 93.9 | -0.1 |
EGO — Pillar Breakdown
Quality
— 51.7/100 (25%)Eldorado Gold Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 85.0/100 (20%)Eldorado Gold Corporation is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 76.6/100 (15%)Eldorado Gold Corporation carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 96.5/100 (15%)Eldorado Gold Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Eldorado Gold Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for EGO.
Score Composition
Financial Data
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How is the EGO UQS Score Calculated?
The UQS (Unified Quality Score) for Eldorado Gold Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Eldorado Gold Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Eldorado Gold Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.