Eldorado Gold Corp (EGO): Today's Featured Metals & Mining Laggard

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 up 0.1%. By the end of trading, Eldorado Gold fell $0.13 (-1.7%) to $7.38 on light volume. Throughout the day, 3,853,652 shares of Eldorado Gold exchanged hands as compared to its average daily volume of 5,422,900 shares. The stock ranged in price between $7.30-$7.50 after having opened the day at $7.42 as compared to the previous trading day's close of $7.51. Other companies within the Metals & Mining industry that declined today were: North American Palladium ( PAL), down 14.7%, Minco Gold Corporation ( MGH), down 12.9%, Kimber Resources ( KBX), down 7.7% and Jaguar Mining ( JAG), down 7.6%.
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Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Turkey, China, Greece, Brazil, and Romania. The company also explores for iron, silver, lead, zinc, and copper ores. Eldorado Gold has a market cap of $5.4 billion and is part of the basic materials sector. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are down 41.7% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 2 rate 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 good cash flow from operations. 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 deteriorating net income.

On the positive front, Tasman Metals ( TAS), down 29.0%, USEC ( USU), down 25.7%, James River Coal Company ( JRCC), down 18.4% and Uranium Resources ( URRE), down 10.9% , were all gainers within the metals & mining industry with Arch Coal ( ACI) 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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