NEW YORK (TheStreet) -- Shares of Eldorado Gold (EGO) - Get Report were falling 4.4% to $3.06 Friday as gold prices were falling following Federal Reserve Chair Janet Yellen's speech on Thursday.

U.S. gold futures for December delivery were down 0.85% to $1,144 an ounce on the Comex Friday morning.

During her speech yesterday, Yellen said she expects the U.S. central bank to raise interest rates later in the year if inflation remained stable and the U.S. economy was strong enough to increase employment, according to Reuters.

"In her speech, Yellen said... the Fed would most likely still hike rates this year, so on the back of that the dollar gained some value. Gold came off in the Far East, and has been coming off in Europe," MKS head of trading Afshin Nabavi told Reuters.

Yellen's comments caused the dollar to gain strength, making gold more expensive to those using other currencies.

Eldorado Gold is a Vancouver-based gold producer with assets in Turkey, China, Greece, Brazil, and Romania.

TheStreet Ratings team rates ELDORADO GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

We rate ELDORADO GOLD CORP (EGO) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 627.7% when compared to the same quarter one year ago, falling from $37.63 million to -$198.60 million.
  • Net operating cash flow has decreased to $53.93 million or 14.16% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 59.74%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 660.00% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, ELDORADO GOLD CORP underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • ELDORADO GOLD CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, ELDORADO GOLD CORP turned its bottom line around by earning $0.14 versus -$0.91 in the prior year.
  • You can view the full analysis from the report here: EGO