Validea Motley Fool Strategy Daily Upgrade Report - 6/28/2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 28 2025
0mins
Should l Buy EGO?
Source: NASDAQ.COM
Eldorado Gold Corp Rating Update: Eldorado Gold Corp (EGO) has seen its rating increase from 59% to 72% based on the Motley Fool's small-cap growth investment strategy, indicating improved fundamentals and valuation for the stock.
Company Overview: Eldorado Gold Corporation is a Canadian producer of gold and base metals with operations in Turkiye, Canada, and Greece, managing multiple mines including Kisladag, Efemcukuru, Lamaque, and Olympias.
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Analyst Views on EGO
Wall Street analysts forecast EGO stock price to rise
7 Analyst Rating
5 Buy
1 Hold
1 Sell
Moderate Buy
Current: 46.870
Low
33.00
Averages
48.75
High
59.00
Current: 46.870
Low
33.00
Averages
48.75
High
59.00
About EGO
Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. The Company operates four mines: Kisladag, Efemcukuru, Lamaque, and Olympias. The Kisladag, Efemcukuru and Lamaque mines are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. Kisladag is a low-grade, bulk-tonnage, open-pit operation that uses heap leaching for gold recovery. It is located in Usak Province in western Turkiye. Efemcukuru is a high-grade, underground operation located in Izmir Province in western Turkiye. The Lamaque Complex is located in Val-d'Or, Quebec. It includes the Triangle mine, the Ormaque mine, the Parallel deposit, the Plug #4 deposit, and the Sigma Mill. Olympias is a gold-silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. It also operates the Bruell Gold Project 51 claim property in Vauquelin township, Quebec.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eldorado Gold Set to Announce Q4 Earnings on February 19
- Earnings Announcement Date: Eldorado Gold (EGO) is set to release its Q4 2023 earnings on February 19 after market close, with a consensus EPS estimate of $0.58, reflecting a 6.5% year-over-year decline, which may impact investor sentiment.
- Revenue Growth Expectations: The company is expected to report revenues of $521.71 million, representing a 19.7% year-over-year increase, indicating strong market performance that could attract more investor interest in its growth potential.
- Historical Performance Review: Over the past two years, Eldorado Gold has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, suggesting stability in profitability that may enhance market confidence in its financial health.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, reflecting a cautiously optimistic outlook from analysts regarding the company's future performance.
See More
Tungsten Prices Surge Amid GoldHaven Resources Developments
- Surge in Tungsten Prices: Tungsten prices have tripled since early 2024, with ammonium paratungstate reaching $1,125 to $1,150 per metric tonne in China, significantly impacting the global tungsten supply chain and prompting increased investment in critical minerals by Western nations.
- Accelerated Policy Response: Secretary of State Marco Rubio hosted the inaugural Critical Minerals Ministerial with delegations from over 50 countries, signing eleven bilateral frameworks and committing over $30 billion in strategic mineral financing, highlighting the importance of mineral resources.
- GoldHaven Resources Progress: GoldHaven confirmed anomalous tungsten mineralization at its Magno project, with recent assays showing up to 6,550 ppm tungsten at Vines Lake, validating historical data and expanding the known footprint, indicating potential for multi-metal discoveries in the region.
- Successful Drilling Programs: GoldHaven completed its inaugural diamond drilling at the Copeçal Gold Project in Brazil, discovering potential gold-copper systems, while confirming high-grade copper mineralization at the Three Guardsmen Project with grades up to 15.85%, further solidifying its strategic positioning across multiple projects.
See More
Tungsten Prices Surge; GoldHaven Resources Reports New Discoveries
- Surge in Tungsten Prices: Tungsten prices have tripled since early 2024, with ammonium paratungstate reaching $1,125 to $1,150 per metric tonne in China, significantly impacting global tungsten supply chains and prompting increased investment in critical minerals by Western nations.
- Strategic Discoveries: GoldHaven Resources confirmed anomalous tungsten mineralization at its Magno Property, with surface exploration in 2025 revealing tungsten concentrations up to 6,550 ppm, indicating the potential for a multi-metal deposit that could drive future resource development for the company.
- Multi-Metal Potential: The discovery of high-grade silver-lead-zinc mineralization at the Magno project, with silver grades reaching 2,370 grams per tonne, further validates the area's mineral potential, likely attracting more investor interest.
- Drilling Program Progress: GoldHaven completed its inaugural drilling program at the Copeçal Gold Project in Brazil, discovering high-grade copper mineralization with grades up to 15.85%, showcasing the project's significant economic value.
See More
China's Export Restrictions Reshape Global Mining Landscape
- Strategic Shift: China's export restrictions on silver, tungsten, and antimony signal a major strategic shift in global procurement, prompting the U.S. government to mobilize over $30 billion to secure critical mineral supply chains, thereby elevating defense priorities significantly.
- Resource Development Plan: RUA GOLD Inc. has initiated an aggressive development plan with four drill rigs at the Reefton Goldfield in New Zealand, planning to submit a fast-track referral application in Q1 2026, which, if approved, would enter the fastest six-month permitting window globally, significantly accelerating project timelines.
- High-Grade Discovery: Drilling at the Auld Creek target revealed a significant intersection of 3.0 meters at 21.27 g/t AuEq, extending the deposit strike length to 870 meters, indicating substantial mineral potential in the area that could attract further investment.
- M&A Trends: The 2026 mining M&A landscape focuses on consolidation and supply chain security, with Eldorado Gold's merger with Foran Mining expected to generate approximately $2.1 billion in EBITDA annually, further solidifying its leadership position in the gold-copper sector.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Eldorado Gold Acquires Foran Mining for C$3.8B, Expanding Copper Exposure
- Acquisition Overview: Eldorado Gold (EGO) has agreed to acquire Foran Mining (FMCXF) for approximately C$3.8 billion (US$2.8 billion), significantly increasing its investment in copper and enhancing its competitive position in the market.
- Shareholder Structure Changes: Under the deal terms, Foran shareholders will receive 0.1128 common shares of Eldorado for each Foran share held, resulting in existing Eldorado shareholders owning about 76% of the combined company, while Foran shareholders will hold the remaining 24%.
- Future Production Expectations: The combined company is projected to produce around 900,000 gold equivalent ounces by 2027, primarily supported by two fully financed development projects—Skouries in Greece and McIlvenna Bay in Saskatchewan—expected to reach commercial production by mid-2026.
- Financial Outlook: Eldorado anticipates generating approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow by 2027, with CEO George Burns stating that this merger creates a stronger gold and copper growth company characterized by near-term cash flow generation and multiple catalysts.
See More
Eldorado Gold Set to Announce Q4 Earnings on February 19
- Earnings Announcement Date: Eldorado Gold (EGO) is set to release its Q4 2023 earnings on February 19 after market close, with a consensus EPS estimate of $0.58, reflecting a 6.5% year-over-year decline, which may impact investor sentiment.
- Revenue Growth Expectations: The company is expected to report revenues of $521.71 million, representing a 19.7% year-over-year increase, indicating strong market performance that could attract more investor interest in its growth potential.
- Historical Performance Review: Over the past two years, Eldorado Gold has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, suggesting stability in profitability that may enhance market confidence in its financial health.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, reflecting a cautiously optimistic outlook from analysts regarding the company's future performance.
See More
Tungsten Prices Surge Amid GoldHaven Resources Developments
- Surge in Tungsten Prices: Tungsten prices have tripled since early 2024, with ammonium paratungstate reaching $1,125 to $1,150 per metric tonne in China, significantly impacting the global tungsten supply chain and prompting increased investment in critical minerals by Western nations.
- Accelerated Policy Response: Secretary of State Marco Rubio hosted the inaugural Critical Minerals Ministerial with delegations from over 50 countries, signing eleven bilateral frameworks and committing over $30 billion in strategic mineral financing, highlighting the importance of mineral resources.
- GoldHaven Resources Progress: GoldHaven confirmed anomalous tungsten mineralization at its Magno project, with recent assays showing up to 6,550 ppm tungsten at Vines Lake, validating historical data and expanding the known footprint, indicating potential for multi-metal discoveries in the region.
- Successful Drilling Programs: GoldHaven completed its inaugural diamond drilling at the Copeçal Gold Project in Brazil, discovering potential gold-copper systems, while confirming high-grade copper mineralization at the Three Guardsmen Project with grades up to 15.85%, further solidifying its strategic positioning across multiple projects.
See More
Tungsten Prices Surge; GoldHaven Resources Reports New Discoveries
- Surge in Tungsten Prices: Tungsten prices have tripled since early 2024, with ammonium paratungstate reaching $1,125 to $1,150 per metric tonne in China, significantly impacting global tungsten supply chains and prompting increased investment in critical minerals by Western nations.
- Strategic Discoveries: GoldHaven Resources confirmed anomalous tungsten mineralization at its Magno Property, with surface exploration in 2025 revealing tungsten concentrations up to 6,550 ppm, indicating the potential for a multi-metal deposit that could drive future resource development for the company.
- Multi-Metal Potential: The discovery of high-grade silver-lead-zinc mineralization at the Magno project, with silver grades reaching 2,370 grams per tonne, further validates the area's mineral potential, likely attracting more investor interest.
- Drilling Program Progress: GoldHaven completed its inaugural drilling program at the Copeçal Gold Project in Brazil, discovering high-grade copper mineralization with grades up to 15.85%, showcasing the project's significant economic value.
See More
China's Export Restrictions Reshape Global Mining Landscape
- Strategic Shift: China's export restrictions on silver, tungsten, and antimony signal a major strategic shift in global procurement, prompting the U.S. government to mobilize over $30 billion to secure critical mineral supply chains, thereby elevating defense priorities significantly.
- Resource Development Plan: RUA GOLD Inc. has initiated an aggressive development plan with four drill rigs at the Reefton Goldfield in New Zealand, planning to submit a fast-track referral application in Q1 2026, which, if approved, would enter the fastest six-month permitting window globally, significantly accelerating project timelines.
- High-Grade Discovery: Drilling at the Auld Creek target revealed a significant intersection of 3.0 meters at 21.27 g/t AuEq, extending the deposit strike length to 870 meters, indicating substantial mineral potential in the area that could attract further investment.
- M&A Trends: The 2026 mining M&A landscape focuses on consolidation and supply chain security, with Eldorado Gold's merger with Foran Mining expected to generate approximately $2.1 billion in EBITDA annually, further solidifying its leadership position in the gold-copper sector.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Eldorado Gold Acquires Foran Mining for C$3.8B, Expanding Copper Exposure
- Acquisition Overview: Eldorado Gold (EGO) has agreed to acquire Foran Mining (FMCXF) for approximately C$3.8 billion (US$2.8 billion), significantly increasing its investment in copper and enhancing its competitive position in the market.
- Shareholder Structure Changes: Under the deal terms, Foran shareholders will receive 0.1128 common shares of Eldorado for each Foran share held, resulting in existing Eldorado shareholders owning about 76% of the combined company, while Foran shareholders will hold the remaining 24%.
- Future Production Expectations: The combined company is projected to produce around 900,000 gold equivalent ounces by 2027, primarily supported by two fully financed development projects—Skouries in Greece and McIlvenna Bay in Saskatchewan—expected to reach commercial production by mid-2026.
- Financial Outlook: Eldorado anticipates generating approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow by 2027, with CEO George Burns stating that this merger creates a stronger gold and copper growth company characterized by near-term cash flow generation and multiple catalysts.
See More
