Eldorado Gold is a mid-tier gold miner with a market capitalization of $1. 9 billion.
Eldorado reported very monetary effects in the second quarter of 2020, and the third quarter is expected to be even higher with gold costs of $200 the highest ounce.
Eldorado has a production prospect in relation to his Skouries project, which has recently been in care and maintenance, and other progression assets.
The child is undervalued based on various monetary measures, adding EV/EBITDA, EV/CF, P/E ratio, etc.
I analyze the investment case for Eldorado Gold.
Eldorado Gold (EGO) is a mid-tier gold miner with a market capitalization of $1. 9 billion, which has guided gold production from 520,000 to 550,000 ounces by 2020 at all-inclusive maintenance prices from $850 to $950. El Dorado has 4 mines in production, in Canada, Turkey and Greece, and several progression projects in Romania and Brazil.
At the time of writing, Eldorado’s stock seems very exciting because its shares are traded at a price similar to that of its peers. It is a cheap gold miner with long-lasting gold assets and is highly profitable, while the market necessarily offers a price of 0 to one. of their primary progression projects.
I have damaged Eldorado Gold’s investment file, adding an investigation of its recent monetary effects and what to expect at the time of 2020, the accumulation in relation to its Skouries allocation in Greece and other progression allocations, and its current valuation.
If you need deeper research into gold mining stocks, subscribe now to The Gold Bull Portfolio. My subscribers find the most productive opportunities to make cash in the gold and silver sector.
Receive common updates on gold mining stocks, access all my most sensible gold and silver stock selections and my genuine gold portfolio, a miners’ score spreadsheet with acquisition/conservation/sale scores on more than 120 minors.
Lately I provide a 2-week free trial and a 37% reduction in annual subscriptions per month, with a 30-day refund guarantee!
Revelation: I am / we are EGO for a long time. I wrote this article myself and express my own opinions. I don’t get any refunds for this (apart from Seeking Alpha). I don’t have any dating announcements with a company whose action is discussed in this article.