Published on 10 Apr 2024 on Simply Wall St. via Yahoo Finance
Do Its Financials Have Any Role To Play In Driving Eldorado Gold Corporation's (TSE:ELD) Stock Up...
Eldorado Gold (TSE:ELD) has had a great run on the share market with its stock up by a significant 31% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Eldorado Gold's ROE.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.