Gold futures for December delivery rose 0.74%, or $8.60, to $1,168.40 an ounce, according to CNBC.
Gold prices have been in decline for months but rallied last Friday to provide a boost to stocks tied to the precious metal. But gold prices once again declined on Monday to $1,165.70, which sent the gold stocks lower.
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More than 6.7 million shares had changed hands as of 3:05 p.m., compared to the average volume of 5,080,610.
Eldorado Gold Corporation based in Canada but has assets in Brazil, China, Greece, Romania and Turkey.
Separately, TheStreet Ratings team rates ELDORADO GOLD CORP as a "sell" with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ELDORADO GOLD CORP (EGO) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."