Metals & Mining Industry's Featured Straggler Of The Day: Eldorado Gold Corp (EGO)

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 lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Eldorado Gold fell 23 cents (-2.4%) to $9.38 on average volume. Throughout the day, 3.8 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $9.31-$9.60 after having opened the day at $9.58 as compared to the previous trading day's close of $9.61. Other companies within the Metals & Mining industry that declined today were: Prospect Global Resources ( PGRX), down 8.7%, Timberline Resources Corporation ( TLR), down 8.2%, Vista Gold Corporation ( VGZ), down 7.7%, and AuRico Gold ( AUQ), down 7.7%.
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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 $6.97 billion and is part of the basic materials sector. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are down 25.4% year to date as of the close of trading on Monday. Currently there are 12 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. 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 disappointing return on equity.

On the positive front, Kobex Minerals ( KXM), up 7.2%, Minco Gold Corporation ( MGH), up 5.4%, Alderon Iron Ore ( AXX), up 4.7%, and Rare Element Resources ( REE), up 4.5%, were all gainers within the metals & mining industry with Gerdau ( GGB) being today's featured metals & mining industry leader.

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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