ELD.TO (ELD) Fair Value & Analysis
Basic Materials · CA · Market cap C$10.8B (≈ $7.8B) · ISIN CA2849025093
What is ELD.TO really worth?
A solid business, but trading 27% above our fair value of C$46.82.
As of Aug 29, 2026, the fair value of ELD.TO is C$46.82 per share against a price of C$59.55, so the fair value sits 21% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 14 valuation models · updated 8 days ago
Fair value updated Aug 29, 2026, revised from C$33.68 to C$46.82 (+39.0%) since Aug 13, 2026. Share price +18.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range C$6.89 – C$67.21 · fair‑value band C$35.11 – C$58.52 · the C$59.55 price screens above the C$46.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 29, 2026.
Analysis
ELD.TO (ELD) currently trades at C$59.55, while our model-based Fair Value estimate is C$46.82, implying the stock looks roughly 27.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of C$45.52 per share, and 1 of the 14 models we run sit above the C$59.55 price. Bear case: the Asset-Based group reads lowest at C$10.98, and 13 of the 14 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, ELD.TO generated revenue of C$2.0B at a net margin of 28.6%. Revenue grew 49.9% year over year. It earns a return on equity of 14.0%. Net debt stands at C$428M. Fundamentals as of Aug 29, 2026
Our scenario range runs from C$35.11 (bear case) to C$58.52 (bull case); at C$59.55, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 124% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −21%, ELD screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$2.72 per share, which is 5.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 14 models by family
Widest divergence: Growth Earnings (C$45.52) versus Asset-Based (C$10.98). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 64
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece. It primarily produces gold, as well as silver, lead, and zinc.
Full company description
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece. It primarily produces gold, as well as silver, lead, and zinc. The company holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Quebec, Canada; Olympias located in northern Greece; and Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1996 and is headquartered in Vancouver, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ELD.TO reported revenue of $1.9B in FY2025 versus $943M in FY2021, a compound +18.3%/yr. Reported net income was $516M in FY2025, compounding +161.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
ELD screens 27% overvalued. Compare with Newmont Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Eldorado Gold (TSX:ELD) Stock Still Looks Discounted On Broader Checks
- Eldorado Gold Announces Renewal of Normal Course Issuer Bid
- Eldorado Gold Announces Board Leadership Transition
- Eldorado Gold Provides Update on Executive Leadership Transition
Peer Group
Gold · 244 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Gold median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $128.00 | $112.82 | −12% |
| Zijin Mining Group 601899 | ¥32.21 | ¥39.42 | +22% |
| Agnico Eagle Mines Limited AEM | C$268.76 | C$213.40 | −21% |
| Barrick Mining Corporation B | $41.23 | $50.66 | +23% |
| Franco-Nevada Corporation FNV | $266.18 | $96.63 | −64% |
| Wheaton Precious Metals Corp WPM | C$201.40 | C$56.05 | −72% |
| AngloGold Ashanti plc AU | $97.92 | $88.63 | −9% |
| Kinross Gold Corporation KGC | $30.87 | $34.62 | +12% |
| Royal Gold, Inc RGLD | $262.85 | $93.56 | −64% |
| Northern Star Resources Limited NST | A$23.19 | A$15.98 | −31% |
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