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Eldorado Gold Corp (EGO): Today's Featured Metals & Mining Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Eldorado Gold ( EGO) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.6%. By the end of trading, Eldorado Gold rose 36 cents (2.4%) to $15.19 on light volume. Throughout the day, 3.1 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in a price between $14.69-$15.38 after having opened the day at $14.80 as compared to the previous trading day's close of $14.83. Other companies within the Metals & Mining industry that increased today were: Exeter Resource Corporation ( XRA), up 23.2%, Northern Dynasty Minerals ( NAK), up 11.4%, International Tower Hill Mines ( THM), up 10.8%, and United States Antimony Corporation ( UAMY), up 9.9%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Brazil, China, Greece, and Turkey. Eldorado Gold has a market cap of $10.44 billion and is part of the basic materials sector. The company has a P/E ratio of 33.2, above the S&P 500 P/E ratio of 17.7. Shares are up 6.7% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Eldorado Gold as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, China Shen Zhou Mining & Resources ( SHZ), down 14.2%, Aurizon Mines ( AZK), down 11.6%, China Precision Steel ( CPSL), down 10.2%, and Oxford Resource Partners ( OXF), down 9.2%, were all laggards within the metals & mining industry with Freeport-McMoRan Copper & Gold ( FCX) being today's metals & mining industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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