TSE:ELD

Eldorado Gold (ELD.TO)

40.73
-0.86 (2.07%)
as of Jun 9, 2026, 8:00:00 pm Market Open.
110 watching
0
SELL
Sold all right at the peak. It is a good deposit but the big acquisition they made was in Greece. Take something in a safer jurisdiction.
TOP PICK
One of the best growth, well run companies over the last decade. Have built mines in Turkey and China. Trading at about 13X next year’s PE. Currently embarking on a program to spend about $2 billion which effectively will double their production from their current run rate of about 750,000 ounces. Lowest cash cost in the industry.
DON'T BUY
Gold stocks have totally underperformed. Investors are looking more towards bullion. Gold stocks will start to pick up again relative to gold when there is a big catalyst. Until then, he feels that until then, it will still underperform. Technically, he is looking for this one to drop through its support and could even go down to $9.50.
COMMENT
All the gold companies are ridiculously cheap. One of the ones that he is less keen on. You should reorganize into the ones that are going to rebound the fastest.
COMMENT
Stocks have underperformed the price of gold recently by not rebounding. Thinks there is value here, particularly if there is QE3. If there is QE 3 and rates stay lower longer, this should help the gold price.
BUY
Has gone back to its recent low and will reach its recent highs. If we get QU3 the goals will re-catch fire.
DON'T BUY
If you are looking at gold as an investment, then miners have been underperforming dramatically. This is largely due to concerns around costs and their ability to get the gold out at the right price to make enough money. He has been Short this group.
COMMENT
Has always worried him some what being in Turkey. Also has some assets in Latin America. Something negative happened to them in January. Not his kind of territory.
COMMENT
Golds tend to trade at higher multiples, the bigger that they are, which is why he doesn't own Barrick (ABX-T). This one is a little bit better valued now than it was. Transactions will make it a little cheaper and the size will give it a bit better multiple. (See Top Picks.)
HOLD
Problem is regional risk. He likes it as a pure gold play. Thinks they have one of the best growth profiles out there.
COMMENT
Recently bid for European Goldfields, which has made investors absolutely furious. This would give them base metal exposure and puts them into Greece and other jurisdictions. One of the overhangs of this stock was there Turkish and Chinese exposures. When the deal closes in February would be a good time to consider. Still thinks of it as a good company.
TOP PICK
Mid-tier pure gold producer. Has incredible growth over the next 3 to 4 years, will double production. A little more geopolitical risk being in China and Turkey, but it is diversifying moving into Brazil as well.
BUY
Pretty good-looking pattern. Came back to support and if it broke down we would see $17. Looks like a buy.
WEAK BUY
He finds it a little more fully valued than some and there is country risk with China and Turkey. They have good management and the mines are working fine. Not his favourite, but it could go a little higher.
TOP PICK
All the gold names have seen compression in multiple. This one was hit the hardest. Doubling production in the next 4 years. Diversified in Turkey, Greece and China. Pure play gold name.
Showing 76 to 90 of 301 entries