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 0.4%. By the end of trading, Eldorado Gold rose 21 cents (1.6%) to $13.05 on average volume. Throughout the day, 3.6 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in a price between $12.78-$13.10 after having opened the day at $12.86 as compared to the previous trading day's close of $12.84. Other companies within the Metals & Mining industry that increased today were: Kingold Jewelry ( KGJI), up 18.5%, Platinum Group Metal ( PLG), up 14.5%, MFC Industrial ( MIL), up 7.1%, and China Gengsheng Minerals ( CHGS), up 6.4%.
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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 $8.81 billion and is part of the basic materials sector. The company has a P/E ratio of 28, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Eldorado Gold as a hold. 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. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.

On the negative front, Uranium Resources ( URRE), down 11.5%, Century Aluminum Company ( CENX), down 9.4%, Walter Energy ( WLT), down 5.4%, and Peabody Energy Corporation ( BTU), down 5.4%, were all laggards within the metals & mining industry with Cliffs Natural Resources ( CLF) 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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