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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.1%. By the end of trading, Eldorado Gold rose $0.14 (1.7%) to $8.22 on average volume. Throughout the day, 7,532,468 shares of Eldorado Gold exchanged hands as compared to its average daily volume of 5,139,500 shares. The stock ranged in a price between $8.00-$8.36 after having opened the day at $8.09 as compared to the previous trading day's close of $8.08. Other companies within the Metals & Mining industry that increased today were: USEC ( USU), up 51.1%, Uranium Resources ( URRE), up 28.2%, Tasman Metals ( TAS), up 24.4% and Timberline Resources Corporation ( TLR), up 12.6%.

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 $5.6 billion and is part of the basic materials sector. Shares are down 38.9% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 3 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 negative front, Turquoise Hill Resources ( TRQ), down 19.7%, Cardero Resources Corporation ( CDY), down 14.9%, Entree Gold ( EGI), down 11.5% and Minco Gold Corporation ( MGH), down 7.7% , were all laggards within the metals & mining industry with Freeport-McMoRan Copper & Gold ( FCX) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Eldorado Gold Stock Slumping Despite Integra Gold Acquisition

Eldorado Gold (EGO) Stock Upgraded at BofA/Merrill Lynch

Eldorado Gold (EGO) Stock Up, Credit Suisse Upgrades

Eldorado Gold (EGO) Stock Slumps as Gold Prices Retreat

Eldorado Gold (EGO) Stock Climbs as Gold Prices Rise