Eldorado Gold Corp (EGO): Today's Featured Metals & Mining Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 0.1%. By the end of trading, Eldorado Gold rose $0.14 (1.7%) to $8.22 on average volume. Throughout the day, 7,532,468 shares of Eldorado Gold exchanged hands as compared to its average daily volume of 5,139,500 shares. The stock ranged in a price between $8.00-$8.36 after having opened the day at $8.09 as compared to the previous trading day's close of $8.08. Other companies within the Metals & Mining industry that increased today were:
(
), up 51.1%,
(
), up 28.2%,
(
), up 24.4% and
Timberline Resources Corporation
(
), up 12.6%.
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Turkey, China, Greece, Brazil, and Romania. The company also explores for iron, silver, lead, zinc, and copper ores. Eldorado Gold has a market cap of $5.6 billion and is part of the basic materials sector. Shares are down 38.9% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates Eldorado Gold as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.
- You can view the full Eldorado Gold Ratings Report.
On the negative front,
(
), down 19.7%,
(
), down 14.9%,
(
), down 11.5% and
(
), down 7.7% , were all laggards within the metals & mining industry with
Freeport-McMoRan Copper & Gold
(
) being today's metals & mining industry laggard.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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