Eldorado Gold

ELD-T

TSE:ELD

14.83
0.80 (5.12%)
Eldorado Gold Corporation is a Canadian mid-cap gold mining company. It has assets in Canada, Turkey, Greece, Romania, Brazil and Serbia.
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Analysis and Opinions about ELD-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 8, 2016

Thinks there have been some delays in their permitting and expects there are better gold companies. Historically they have been fairly good operators and thinks it is just the political environment in getting their permits to progress with their mines.

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Eldorado Gold (ELD-T)
January 8, 2016

Thinks there have been some delays in their permitting and expects there are better gold companies. Historically they have been fairly good operators and thinks it is just the political environment in getting their permits to progress with their mines.

SELL
SELL
October 9, 2015

Stay away from commodities long term because of strength in the US dollar. From the end of July to the end of October these have seasonal strength. Because we are near the end of the period of seasonal strength, you want to be looking to take profits in these.

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Eldorado Gold (ELD-T)
October 9, 2015

Stay away from commodities long term because of strength in the US dollar. From the end of July to the end of October these have seasonal strength. Because we are near the end of the period of seasonal strength, you want to be looking to take profits in these.

COMMENT
COMMENT
June 17, 2015

Have permitting problems in Greece, and this is the issue he sees with this company. Have free cash flow from the Kisladag mine in turkey, but most of the free cash flow that comes up is all going into Greece where about one third of the value of the company lies in a series of development assets. Development assets consume cash flow, which is one driver that this company does not have. Balance sheet is going to get worse as they develop these assets. Management is reasonably well respected, but the wealth creation potential rests with the Greek assets.

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Eldorado Gold (ELD-T)
June 17, 2015

Have permitting problems in Greece, and this is the issue he sees with this company. Have free cash flow from the Kisladag mine in turkey, but most of the free cash flow that comes up is all going into Greece where about one third of the value of the company lies in a series of development assets. Development assets consume cash flow, which is one driver that this company does not have. Balance sheet is going to get worse as they develop these assets. Management is reasonably well respected, but the wealth creation potential rests with the Greek assets.

SELL
SELL
June 10, 2015

A lot of this has to do with jurisdictional risk. It is in China, and they may IPO those assets. Also, in Turkey and Greece. Not the ideal places to be. Big permitting risks. Has a great underlying growth potential if they could get everything permitted and spin out the Chinese assets. There are better places you can go.

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Eldorado Gold (ELD-T)
June 10, 2015

A lot of this has to do with jurisdictional risk. It is in China, and they may IPO those assets. Also, in Turkey and Greece. Not the ideal places to be. Big permitting risks. Has a great underlying growth potential if they could get everything permitted and spin out the Chinese assets. There are better places you can go.

WAIT
WAIT
May 5, 2015

Chart shows that we are at the bottom of a base channel that runs from 2013. This is a low cost producer. Have some problems with what is going on in Greece. This is not going to display any strength until gold starts to pick up, and that is not expected for another couple of months or so. He would wait until July before picking this up.

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Chart shows that we are at the bottom of a base channel that runs from 2013. This is a low cost producer. Have some problems with what is going on in Greece. This is not going to display any strength until gold starts to pick up, and that is not expected for another couple of months or so. He would wait until July before picking this up.

COMMENT
COMMENT
May 1, 2015

Has looked at this, but has never bought because of where their properties are. He prefers companies in South or North America. Thinks management is good. They are having a problem getting a permit on their mine in Greece. His company has an $8 target on this.

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Has looked at this, but has never bought because of where their properties are. He prefers companies in South or North America. Thinks management is good. They are having a problem getting a permit on their mine in Greece. His company has an $8 target on this.

HOLD
HOLD
March 23, 2015

Gold does well when the US dollar is weak. We have a multi-year rally in the US$ and we having a resurgence in the US economy.

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Eldorado Gold (ELD-T)
March 23, 2015

Gold does well when the US dollar is weak. We have a multi-year rally in the US$ and we having a resurgence in the US economy.

PAST TOP PICK
PAST TOP PICK
March 17, 2015

(Top Pick Mar. 14/14, Down 25.49%) We all know what happened to the golds between then and now. As long as the balance sheets are in good position he keeps these as a defense position.

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Eldorado Gold (ELD-T)
March 17, 2015

(Top Pick Mar. 14/14, Down 25.49%) We all know what happened to the golds between then and now. As long as the balance sheets are in good position he keeps these as a defense position.

COMMENT
COMMENT
March 16, 2015

Gold is having a difficult time because of the strength of the US$. This one is a nice speculative trade possibly; depending on what you think happens in Greece. Gold looks like it is going to be tough for a few more months before there is a rally.

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Eldorado Gold (ELD-T)
March 16, 2015

Gold is having a difficult time because of the strength of the US$. This one is a nice speculative trade possibly; depending on what you think happens in Greece. Gold looks like it is going to be tough for a few more months before there is a rally.

PAST TOP PICK
PAST TOP PICK
March 6, 2015

(A Top Pick Feb 28/14. Down 26.69%.) The project is good, but there is that uncertainty about what is going to happen in Greece. Not adding to his position and waiting to see what happens. (See Top Picks.)

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Eldorado Gold (ELD-T)
March 6, 2015

(A Top Pick Feb 28/14. Down 26.69%.) The project is good, but there is that uncertainty about what is going to happen in Greece. Not adding to his position and waiting to see what happens. (See Top Picks.)

COMMENT
COMMENT
January 23, 2015

This is in the development stage and has a lower cost of production. His company just reduced their target to $9.50 US.

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Eldorado Gold (ELD-T)
January 23, 2015

This is in the development stage and has a lower cost of production. His company just reduced their target to $9.50 US.

COMMENT
COMMENT
January 5, 2015

Likes this company. Stock has been in a broad, swinging sideways movement and is doing quite well against the golds in general. Like all golds, it has no particular upside potential based on the current price of gold. This is a good one.

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Eldorado Gold (ELD-T)
January 5, 2015

Likes this company. Stock has been in a broad, swinging sideways movement and is doing quite well against the golds in general. Like all golds, it has no particular upside potential based on the current price of gold. This is a good one.

TOP PICK
TOP PICK
September 3, 2014

Probably the lowest cost producer in the big cap space that he covers. Basically no debt at this time, because they were not getting permits. They are getting close to getting some of those permits, but have the liberty of holding back if gold prices are too low. They should be obtaining permits in China over the next 6-12 months for their Eastern Dragon mine, which should eventually lead to listing the Chinese assets to Hong Kong or selling part of the assets. A great catalyst beyond the gold price. Yield of 0.23%.

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Eldorado Gold (ELD-T)
September 3, 2014

Probably the lowest cost producer in the big cap space that he covers. Basically no debt at this time, because they were not getting permits. They are getting close to getting some of those permits, but have the liberty of holding back if gold prices are too low. They should be obtaining permits in China over the next 6-12 months for their Eastern Dragon mine, which should eventually lead to listing the Chinese assets to Hong Kong or selling part of the assets. A great catalyst beyond the gold price. Yield of 0.23%.

TOP PICK
TOP PICK
August 12, 2014

This had a very high Short position and gold stocks were out of favour. Chart shows this had a massive underperform from 2012 into 2013, and then it started to change and the gap started to close. Started to relative outperform in early 2014. He likes the gold space.

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Eldorado Gold (ELD-T)
August 12, 2014

This had a very high Short position and gold stocks were out of favour. Chart shows this had a massive underperform from 2012 into 2013, and then it started to change and the gap started to close. Started to relative outperform in early 2014. He likes the gold space.

COMMENT
COMMENT
August 7, 2014

Likes this one. Likes the balance sheet, the income statement, their ability to build mines and their ability to operate mines in many different places and in many different cultures. Dividend yield of 0.2%.

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Eldorado Gold (ELD-T)
August 7, 2014

Likes this one. Likes the balance sheet, the income statement, their ability to build mines and their ability to operate mines in many different places and in many different cultures. Dividend yield of 0.2%.

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