Eldorado Financial Statements From 2010 to 2025
| ELD Stock | CAD 22.35 0.23 1.04% |
Check Eldorado Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eldorado Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . Eldorado financial statements analysis is a perfect complement when working with Eldorado Gold Valuation or Volatility modules.
Eldorado |
Eldorado Gold Corp Company Operating Margin Analysis
Eldorado Gold's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Eldorado Gold Operating Margin | 0.38 % |
Most of Eldorado Gold's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eldorado Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Based on the recorded statements, Eldorado Gold Corp has an Operating Margin of 0.3812%. This is 126.11% lower than that of the Metals & Mining sector and 95.06% lower than that of the Materials industry. The operating margin for all Canada stocks is 106.92% lower than that of the firm.
Eldorado Gold Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Eldorado Gold's current stock value. Our valuation model uses many indicators to compare Eldorado Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Eldorado Gold competition to find correlations between indicators driving Eldorado Gold's intrinsic value. More Info.Eldorado Gold Corp is rated # 5 in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.59 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Eldorado Gold Corp is roughly 1.69 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Eldorado Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Eldorado Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Eldorado Gold Financial Statements
Eldorado Gold investors utilize fundamental indicators, such as revenue or net income, to predict how Eldorado Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. Eldorado Gold Corporation was incorporated in 1992 and is headquartered in Vancouver, Canada. ELDORADO GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Eldorado Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eldorado Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Eldorado Stock
| 0.59 | CCM | Canagold Resources | PairCorr |
| 0.58 | HLS | HLS Therapeutics | PairCorr |
| 0.58 | EPL | Eagle Plains Resources | PairCorr |
| 0.58 | III | Imperial Metals | PairCorr |
| 0.56 | WCN | Waste Connections | PairCorr |
The ability to find closely correlated positions to Eldorado Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eldorado Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eldorado Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eldorado Gold Corp to buy it.
The correlation of Eldorado Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eldorado Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Eldorado Gold Correlation against competitors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.