NEW YORK (TheStreet) -- Shares of Eldorado Gold Corp (EGO) are gaining, up 0.77% to $5.23 in midday trading Thursday, as spot gold climbs to hit a three month high after mixed U.S. data pushed back expectations of an interest rate hike, according to Reuters.
Weekly jobless claims dropped last week, but the producer price index showed that a stronger dollar and lower oil prices suppressed producer inflation in April, Reuters reports.
Spot gold prices rallied to the highest level since Feb. 17 at $1,226.20 an ounce earlier today, and was last trading at $1,223.45 an ounce as of 12:51 p.m. ET today.
U.S. gold futures for June delivery were up 0.44% to $1,223.60 an ounce as of 12:41 p.m. ET.
Canada-based Eldorado Gold is an exploration-stage, a discovery-stage, a development-stage, a production-stage and a reclamation-stage mining company with its primary focus on gold, iron ore and silver-lead-zinc mines.
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 few notable weaknesses, 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 generally disappointing historical performance in the stock itself and unimpressive growth in net income."