Eldorado Stock Falls On Unusually High Volume (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.

NEW YORK ( TheStreet) -- Eldorado Gold (NYSE: EGO) is trading at unusually high volume Wednesday with eight million shares changing hands. It is currently at two times its average daily volume and trading down 57 cents (-6.7%) at $7.93 as of 1:50 p.m. ET.

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Eldorado has a market cap of $6.7 billion and is part of the basic materials sector and metals & mining industry. Shares are down 34% year to date as of the close of trading on Tuesday.

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Brazil, China, Greece, and Turkey. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Eldorado 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. You can view the full Eldorado Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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