NYSE:EGO (Canada) Also Trade In: Canada Germany Switzerland UK

Eldorado Gold Corp $ 10.76 -0.37 (-3.32%)

Volume:
2,950,247
Avg Vol (1m):
2,350,058
Market Cap $:
1.89 Bil
Enterprise Value $:
2.00 Bil
P/E (TTM):
10.03
P/B:
0.51
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Eldorado Gold Corp News and Headlines -

GuruFocus Articles Total 82
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Options to capitalize on the next gold bull market

Outlook for gold and silver prices

Over the last five days, gold and silver futures lost 2.8% and 4.4%, respectively, following encouraging results from the development of Pfizer Inc (PFE) and Moderna Inc (MRNA)'s Covid-19 vaccines, which show high effectiveness in preventing the disease in their late-stage trials.

Year to date, the precious metal remains abundantly in green territory, as gold futures are up 18.2% to $1,833.80 per troy ounce and silver futures have gained 30.3% to $23.56 per troy ounce at close on Monday.

For the months ahead, gold is projected to hit higher prices as analysts now foresee

196 Views    Alberto Abaterusso    2020-11-24 17:24
These stocks may trade higher

Outlook for gold and silver prices

The U.S. economy needs to improve a lot after the gross domestic product fell by 9.5% in the second quarter. Thus, the Trump administration is expected to issue an additional fiscal stimulus policy for households and enterprises in an attempt to give a boost to consumer spending and to sustain employment levels and business activities.

In the meantime, a weak U.S. dollar, which reflects deteriorated economic conditions, should keep the U.S. GDP afloat, as undoubtedly it also produces positive effects on the trade balance.

A low U.S. dollar will push gold and silver prices

341 Views    Alberto Abaterusso    2020-08-13 18:39
Why I'm bullish on gold miners, longer-term Treasury bonds and high-quality dividend stocks

Economic outlook

By now, all investors should have a good idea of the bleak outlook for world economies as Covid-19 shutdowns continue. Overvalued markets like the U.S. have been hit especially hard.

The International Labor Organization said in April that just for the second trimester of 2020, about 195 million full-time workers will lose their jobs due to the closure of many non-essential business activities, while 1.3 billion workers will be at risk of losing their positions.

In regard to gross domestic product, S&P Global has predicted that the American economy will drop by more than 5% and that the

335 Views    Alberto Abaterusso    2020-04-26 14:11
Investors may want to consider buying shares if the price dips

Gold price outlook

After having hit a 7-year high on Monday, gold prices were down about 1.8% to $1,650.30 per ounce on the London bullion market and $1,641.60 per ounce on the Comex futures market on Tuesday.

Despite Tuesday’s selling pressure, gold remains the commodity for 2020, in my opinion. Prices are likely to move higher because gold works as a hedge against increased volatility and uncertainty in the market. Fears about the impact that the new coronavirus outbreak may have on the global economy have lately contributed to this uncertainty.

Furthermore, should the impact of the virus be harsher

72 Views    Alberto Abaterusso    2020-02-26 17:23
The bullion could break through $1,650 an ounce

The American economy is slowng down and the banking system, which is a very important indicator of the status of the health of the economy, provided a meaningful signal that sustains this view.

Last week, nine of the largest banks in the United States published their financial results for full fiscal 2019 that showed credit and capital raised for large industrial and commercial companies as a total fell by more than $300 billion during the year.

Even though this aggregate data is still not complete, it can already be considered a meaningful indicator as it derives from financial institutions that

111 Views    Alberto Abaterusso    2020-01-19 20:36
Production improves thanks to Lamaque

Eldorado Gold Corp. (EGO) (TSX:ELD) released results for its third quarter of 2019 after the closing bell on Thursday. The stock price was up 0.95% to $8.5 per share at the end of extended trading.

The Canadian mid-tier gold miner missed forecasters' expectations on GAAP earnings per share by 8 cents and on revenue by $1.08 million. This happened despite a positive shift in GAAP earnings to 3 cents per share from the year-ago loss of 81 cents. Revenue has also grown 112.5% year over year to $172.3 million.

The top line was boosted by a higher average realized gold

88 Views    Alberto Abaterusso    2019-11-01 15:56
The Canadian miner stands to benefit from an up-trend in gold

Gold is rising.

Following Wednesday’s decision of the Federal Reserve to cut the interest rate by a quarter percentage point to 2.25%, bullion rose 1% to close at $1,441.75 per ounce on Friday, recording a year-to-date high of $1,424.28 during intraday trading on the London Market.

Friday’s closing price was also 7.5% above the cumulative average of $1,324.55 so far this year.

Expectations of a further cut in the federal funds rate combined with ongoing political uncertainty will continue to drive the price of gold up in the coming months.

Thus, it is wise to hold positions in publicly traded

118 Views    Alberto Abaterusso    2019-08-04 03:27
Guru stock highlight

Eldorado Gold (NYSE:EGO) is a Canadian mid-tier gold mining company with assets and projects in Turkey, Canada, Greece, Brazil, Romania, and Serbia. Eldorado had good operational results from several of its mines, but unexpected delays in concentrates shipments from one of its mines depressed its quarterly earnings. The shares rallied towards the end of the quarter.

From [url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url]) Management's second-quarter 2019 shareholder commentary.

19 Views    Holly LaFon    2019-07-31 20:00
Discussion of markets and holdings

The gold price increased during the second quarter of 2019 against the backdrop of a weakening US dollar, more dovish communication from the Federal Reserve and increased geopo-litical tensions. What was interesting in this period—particu-larly in June—was the fact that many asset classes generally rose together: gold, equities, bonds and many commodities.

In our view, this was a strong sign of increased liquidity in the marketplace as a result of expectations that the Fed would ease monetary policy.

The price of gold bullion exceeded the $1,400/oz level and traded as high as $1,423.45/oz in June 2019,1 which is the highest

59 Views    Holly LaFon    2019-07-31 19:41
Some tips for the next 52 weeks

The conclusion of the first part of 2019 is one week behind, so we can provide a balance sheet of the best and worst performers of the period among the most-known U.S. publicly traded gold mining stocks.

Eldorado Gold (EGO) closed the first six months of 2019 being the best performer. The Canadian mid-tier gold producer increased 101% and outperformed the VanEck Vectors Gold Miners ETF (GDX) by 82.5% over the period. The share price may have been influenced by the 5-to-1 reverse stock split that took place a few days before the end of 2018.

These gold stocks also

106 Views    Alberto Abaterusso    2019-07-07 20:19
The guru's largest new position is REIT CorePoint Lodging

Guru Donald Smith (Trades, Portfolio), leader of Donald Smith & Co., released his first-quarter portfolio last week, listing three new holdings.

Using a deep-value, bottom-up approach, the guru’s New York-based firm typically invests in out-of-favor stocks that are trading at a discount to tangible book value. According to the firm’s website, the portfolio managers look for opportunities among companies that are in the bottom decile of price-tangible book ratios and have a positive earnings outlook over the next two to four years.

Based on these criteria, Smith established positions in CorePoint Lodging Inc. (CPLG), Diamond S

417 Views    Sydnee Gatewood    2019-05-13 17:03
Guru's largest buys of the 1st quarter

Donald Smith (Trades, Portfolio), the president and co-chief investment officer of Donald Smith & Co. bought shares of the following stocks during the first quarter.

The guru established a stake in CorePoint Lodging Inc. (CPLG), buying 3 million shares. The trade had an impact of 1.28% on the portfolio.

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The company has a market cap of $791.99 million and an enterprise value of $1.74 billion.

GuruFocus gives the real estate investment trust a profitability and growth rating of 5 out of 10. The return on equity of -44.35% and

37 Views    Tiziano Frateschi    2019-05-13 16:02
Revenue falls on lower sales volumes and metal prices

After the closing bell on Thursday, Eldorado Gold Corp. (EGO) posted first-quarter results.Â

Revenue of $80 million missed expectations by $32.28 million. The company also recorded an adjusted earnings loss of 11 cents per share, which was 7 cents short of estimates.

The disappointing results send shares down 9.73% to $3.71 in early trading on Friday.

Due to shipment delays at the Efemcukuru deposit in Turkey and a 5.1% drop in the gold price to $1,265 per ounce, revenue declined 39.3% year over year. Along with higher costs, this caused the miner to post an adjusted loss of $17.9

69 Views    Alberto Abaterusso    2019-05-03 18:08
The stock is not cheap but is well positioned to hit $6.4 per share within 52 weeks

Gold started to uptrend again. Following a negative first week of March for the London market where the bullion lost more than $19 per troy ounce or 1.5%, the yellow metal regained $12.9 per troy ounce or 1% over the last six days, closing at $1,305.60 an ounce on Monday.

The closing price, which was just 0.5% from the March high of $1,311.95, drove the cumulative average up to $1,303.15 per troy ounce, topping by nearly $35 an ounce or 2.7% the cumulative average price of $1,268.49 for 2018.

Gold Futures - April 19 (GCJ9) is also trading higher over

55 Views    Alberto Abaterusso    2019-03-19 15:16
Wall Street recommends holding the stock

Eldorado Gold Corp. (EGO) skyrocketed 27.6% to $3.75 per share on Thursday following its decision to recommence mining and heap leaching at its Kisladag gold mine located in Turkey.

At the beginning of 2019 the company introduced a plan to substantially improve its heap leach recoveries. That is, the company will now be capable of recovering more precious metal from the leachate residing in the pond after percolation through the heap of the crushed mineral with cyanide solution.

This has allowed Eldorado Gold Corp. to arrest the development of a project to build a conventional mill at Kisladag that would

98 Views    Alberto Abaterusso    2019-02-01 16:45
The common shares may trade at around $2.95 after the corporate action

Eldorado Gold Corp. (EGO) (TSX:ELD) has informed the market on Thursday that its ordinary stock is expected to start trading on a post 5-to-1 consolidated basis at the opening of trading next week Monday, Dec. 31.

Following the reverse stock split, Eldorado will have 158,801,722 shares outstanding.

The Canadian gold and base metals producer decided to reduce the volume of its shares outstanding because after a tumble to record low levels, the share price was consistently trading below the minimum bid price required by the New York Stock Exchange. The share price declined as a market response to the company’s

1060 Views    Alberto Abaterusso    2018-12-28 17:32
The miner is anticipating strong production growth

Gold traded at $1,190.95 per troy ounce on the London Bullion Market on Tuesday, marking the second hike this week. The current market valuation, however, is still below the cumulative average of $1,296.22 per troy ounce for the year.

The precious metal is showing some signs of life, though the path to $1,250 to $1,300 per ounce is still long. There is some good news, however. Analysts predict the price will be driven up by stabilization of the U.S. dollar and strong demand for physical gold among Indian consumers.

Investors wanting to take advantage of rising commodity prices can do

187 Views    Alberto Abaterusso    2018-08-22 15:24
Investors can buy the stock in order to benefit from a higher production of gold

Eldorado Gold Corp. (EGO) is still cheap at $1.07 per share on the New York Stock Exchange and is a great buy. The current market capitalization is $853.6 million while the 52-week range is 80 cents to $2.44 per share.

The stock in Eldorado Gold Corp. is convenient because the share price is underneath the 200 and 50-SMA lines, even though it is slightly above the 100-SMA line.

For the next 52 weeks of trading, analysts have set a price target of $1.98 per share. That means that the stock is foreseen to appreciate 85%.

As

50 Views    Alberto Abaterusso    2018-07-30 18:00
The guru bought Eldorado Gold as a favorable arbitration ruling permits miner to proceed in Greece

In a world of surging oil prices, why not gold for under a buck a share?

Deep-value investor Donald Smith (Trades, Portfolio) expanded his position in a handful of gold mining companies and welcomed a newcomer. Eldorado Gold Corp. (EGO) was the guru’s only buy in the first quarter of the year. And he bought the low-cost gold producer super-cheap. Vancouver’s Eldorado stood at under $1 a share in early afternoon trading on Wednesday, down 1.53%.

The guru is obviously staring down favorable results from a recent arbitration ruling that is allowing it to move forward with

154 Views    Yamil Berard    2018-05-09 19:20
Eldorado Gold beat consensus on sales. Olympias is set to outperform in second quarter

Despite a 1.4% climb last week on the heels of first quarter 2018 results, Eldorado Gold Corp. (EGO) at $96 cents per share is still cheap.

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The stock in Eldorado Gold is trading below the 200, 100 and 50 SMA lines. Furthermore, the share price is only $16 cents off the 52-weeks low of $80 cents per share. While the 52-weeks high is $3.76.

From the current market valuations, which are undoubtedly low, consensus on Eldorado Gold Corp’s price target foresees a stock appreciation of more than 100%. The Canadian gold stock is expected

109 Views    Alberto Abaterusso    2018-04-30 14:29

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