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

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 lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Eldorado Gold fell $0.13 (-1.9%) to $6.71 on average volume. Throughout the day, 5,387,510 shares of Eldorado Gold exchanged hands as compared to its average daily volume of 5,629,500 shares. The stock ranged in price between $6.69-$6.91 after having opened the day at $6.85 as compared to the previous trading day's close of $6.84. Other companies within the Metals & Mining industry that declined today were: China Gengsheng Minerals ( CHGS), down 12.0%, Minco Gold Corporation ( MGH), down 6.7%, Platinum Group Metals ( PLG), down 6.6% and Exeter Resource Corporation ( XRA), down 6.4%.

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 $5.1 billion and is part of the basic materials sector. Shares are up 24.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 5 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 positive front, Mines Management ( MGN), up 27.8%, Atlatsa Resources ( ATL), up 9.1%, Arch Coal ( ACI), up 8.7% and Noranda Aluminum ( NOR), up 7.8% , were all gainers within the metals & mining industry with Vale ( VALE) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet