Eloro Resources Ltd ELO

MaterialsMetals & MiningCanada

Last close 1.32 CAD on Nov 1, 2026, −56.6% year to date

Quant rating

Quant rating D Rank 123 of 154 in Materials

Growth C 107 of 154
Valuation C 86 of 154
Quality C 102 of 154
Revisions B 56 of 154
Momentum D 140 of 154

Wall Street consensus Buy (2.00)Average target 8.38 CAD +534.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 145M
Enterprise value: 122M
52-week range: 1.15 – 3.42
3-year range: 0.79 – 3.42
Dividend yield: –
Beta (5 years): 2.03
Shares outstanding: 119M
Next earnings: Nov 12, 2026

About the company

Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. The Company is focused on developing its potential giant Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900 hectares located 48-kilometer (km) north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. It also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru, some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing over 89 square kilometers. La Victoria has infrastructure with access to roads, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

Growth and profitability

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	0	0	0	0	0	–
Revenue growth	–	–	–	–	–	–
EPS (basic, normalized)	−0.08	−0.05	−0.22	−0.11	−0.11	–
EPS growth	–	–	–	–	–	–
Gross margin	–	–	–	–	–	–
Net margin	–	–	–	–	–	–
ROE	−10.5%	−6.6%	−30.0%	−17.1%	−19.5%	−16.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	22.2
Current ratio	22.60x
Long-term debt (mil)	0
Net debt (mil)	−22.1
Total equity (mil)	94.3
Net debt / equity	−0.23x
Net debt / EBITDA	2.79x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	0	–	–	−7.9	+0.9%	−15.4x	−0.08	−60.0%	−16.5x
2027	0	–	–	−7.5	+5.2%	−16.3x	−0.34	−329.2%	−3.8x
2028	252	–	0.5x	−8.3	−9.8%	−14.8x	0.09	+126.2%	14.7x
2029	0	−100.0%	–	−8.4	−1.4%	−14.6x	−0.07	−177.8%	−18.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	0	–	–	–	−0.34	−1.0%	−1.0%	−2.0%
2028	252	0.0%	0.0%	0.0%	0.09	0.0%	0.0%	−5.3%
2029	0	–	–	–	−0.07	0.0%	0.0%	−16.7%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Metals & Mining

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ELO Eloro Resources Ltd	145M	2.79x	–	1.55x	−3.8x	14.7x	−16.3x	−14.8x
OM Osisko Metals Inc (Ontario)	1.3B	−37.99x	–	27.06x	−6.3x	−39.7x	−38.4x	−40.4x
LA Los Andes Copper Ltd	353M	–	–	4.09x	–	–	–	–
CNC Canada Nickel Company Inc	259M	–	–	1.04x	−16.3x	−14.0x	–	–
PNPN Power Metallic Mines Inc	220M	–	–	12.49x	−4.9x	−4.9x	–	–
FRSPF First Phosphate Corp.	314M	0.80x	–	12.16x	−10.6x	–	–	–
Mean		−11.47x	–	9.73x	−8.4x	−11.0x	−27.3x	−27.6x
Median		0.80x	–	8.13x	−6.3x	−9.4x	−27.3x	−27.6x

Technical analysis

1M−27.4%
3M−26.9%
1Y−12.2%
3Y−25.6%

Financial statements in millions of CAD

Income statement in millions of CAD, fiscal years

Income statement, Eloro Resources Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	0	0	0	0	0	0
Cost of revenue	–	–	–	–	–	–
Gross profit	0	0	0	0	0	0
Selling, general & administrative expenses	7.3	3.3	10.3	7.6	6.7	4.5
Research & development	–	–	–	–	–	0
Depreciation/amortization	0	0	0	0	0	0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0.3	0.2	6.7	0	0	0
Other operating expenses	0.7	0	−0.3	0.3	0.2	0
Operating income	−8.2	−3.6	−16.8	−8.0	−7.0	−4.6
Net interest income (expense)	0.2	−0.2	−0.2	−0.2	0	−0.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0.1	−0.1	0
Net income before taxes	−8.0	−3.8	−17.0	−8.0	−7.1	−4.7
Provision for taxes	–	–	–	–	–	–
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−8.0	−3.8	−17.0	−8.0	−7.1	−4.7
Extraordinary items	–	–	–	–	–	–
Net income	−8.0	−3.8	−17.0	−8.0	−7.1	−4.7
EBIT, normalized	−8.0	−3.4	−10.0	−7.9	−7.0	−4.6
EBITDA, normalized	−7.9	−3.3	−10.0	−7.9	−7.0	−4.5
Basic EPS, normalized	−0.08	−0.05	−0.22	−0.11	−0.11	–

Balance sheet in millions of CAD, fiscal years

Balance sheet, Eloro Resources Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	25.3	0.6	4.1	8.8	9.5	28.3
Receivables	0.1	0.1	0.2	0.5	0.3	0.2
Total inventory	–	–	–	–	–	–
Prepaid expenses	0.5	0.5	0.5	0.7	0.5	0.2
Other current assets	0	0	0	0	0	0
Total current assets	25.9	1.2	4.8	10.1	10.3	28.6
Property, plant & equipment	66.1	57.6	53.9	47.8	27.3	9.2
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	1.6	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	3.3	0.6	0.6	0.6	0.3	0
Total assets	96.8	59.5	59.4	58.5	37.9	37.8
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	1.6	1.3	2.3	1.7	1.0	1.6
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0	0	0	0	0	0
Other current liabilities	0	0	0	0	0	0
Total current liabilities	1.6	1.3	2.4	1.7	1.1	1.6
Long-term debt	0	0	0.1	0.1	0.2	0
Minority interest	–	–	–	–	–	–
Other liabilities	0	0	0	0	0	0
Total liabilities	1.6	1.4	2.4	1.9	1.2	1.6
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	151	102	94.2	86.4	57.6	53.9
Additional paid-in capital	16.8	22.0	22.0	14.8	10.5	6.3
Retained earnings (accumulated deficit)	−73.0	−66.5	−59.7	−44.8	−31.6	−24.1
Treasury stock	–	–	–	–	–	–
Other equity	0.5	0.4	0.4	0.2	0.1	0.1
Total equity	95.2	58.1	56.9	56.6	36.7	36.2
Total liabilities & shareholders' equity	96.8	59.5	59.4	58.5	37.9	37.8

Cash flow statement in millions of CAD, fiscal years

Cash flow statement, Eloro Resources Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	−8.0	−3.8	−17.0	−8.0	−7.1	−4.7
Depreciation, depletion & amortization	0	0	0	0	0	0
Deferred taxes	–	–	–	–	–	–
Non-cash items	3.1	0.9	14.1	4.5	4.8	3.4
Changes in working capital	0.4	1.0	0.4	−0.4	−1.1	0.9
Cash from operations	−4.4	−1.9	−2.4	−3.8	−3.3	−0.4
Investing activities
Capital expenditures	−8.9	−5.2	−12.3	−19.9	−17.1	−4.0
Other investing cash flows	−4.0	0	−0.8	−0.4	−0.3	0
Cash from investing	−12.9	−5.2	−13.1	−20.2	−17.4	−4.0
Financing activities
Financing cash flow items	12.7	−0.2	−0.8	18.8	0	30.2
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	29.2	4.1	10.7	4.6	1.8	2.4
Cash from financing	41.8	4.0	9.9	23.3	1.8	32.6
Foreign exchange effects	0.1	−0.1	0.2	0.1	0.1	0
Net change in cash	24.6	−3.2	−5.4	−0.6	−18.8	28.3
Free cash flow	−13.3	−7.1	−14.7	−23.7	−20.5	−4.4

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.