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 up 0.3%. By the end of trading, Eldorado Gold rose 15 cents (1.1%) to $13.60 on light volume. Throughout the day, 2.8 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in a price between $13.29-$13.61 after having opened the day at $13.51 as compared to the previous trading day's close of $13.45. Other companies within the Metals & Mining industry that increased today were: Uranium Resources ( URRE), up 25.3%, Crosshair Energy ( CXZ), up 11.1%, Alderon Iron Ore ( AXX), up 9%, and Atlatsa Resources ( ATL), up 8.1%.
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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 $9.51 billion and is part of the basic materials sector. The company has a P/E ratio of 30.3, above the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Friday. Currently there are 11 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, Ossen Innovation ( OSN), down 10.2%, First Majestic Silver ( AG), down 10.2%, Revett Minerals ( RVM), down 9.4%, and Quaterra Resources ( QMM), down 9%, were all laggards within the metals & mining industry with Peabody Energy Corporation ( BTU) 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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