ELDORADO GOLD CORP is an AMEX listed security that has been trading in a range between $3.82 and $7.16 over the past year. With 343,425,200 shares outstanding, a recent price of $5.18 gives a total market capitalization of $1,723,994,497. While there are certainly larger companies, ELDORADO GOLD CORP has definitely earned its place in the pack. Last year, ELDORADO GOLD CORP created $0.07 in earnings for every share outstanding.
ELDORADO GOLD CORP is currently priced by the market at 73.80 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, ELDORADO GOLD CORP could be an interesting value proposition.
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