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 1.0%. By the end of trading, Eldorado Gold rose $0.16 (2.9%) to $5.72 on light volume. Throughout the day, 3,160,216 shares of Eldorado Gold exchanged hands as compared to its average daily volume of 5,784,600 shares. The stock ranged in a price between $5.63-$5.77 after having opened the day at $5.65 as compared to the previous trading day's close of $5.56. Other companies within the Metals & Mining industry that increased today were: USEC ( USU), up 27.1%, General Moly ( GMO), up 27.0%, Rubicon Minerals ( RBY), up 19.2% and North American Palladium ( PAL), up 18.9%.

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 $4.0 billion and is part of the basic materials sector. Shares are down 56.8% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 4 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 expanding profit margins. 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, Northern Dynasty Minerals ( NAK), down 9.8%, Minco Gold Corporation ( MGH), down 6.3%, Timberline Resources Corporation ( TLR), down 6.1% and Gold Resource ( GORO), down 6.0% , were all laggards within the metals & mining industry with Walter Energy ( WLT) 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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