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Eldorado Gold Corporation (EGO) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-04-29 14:55
Core Viewpoint - Eldorado Gold Corporation (EGO) has reached a significant support level and is considered a potential investment opportunity due to a recent technical indicator known as a "golden cross" [1]. Technical Analysis - EGO's 50-day simple moving average has recently broken above its 200-day moving average, indicating a bullish breakout [1]. - A golden cross is characterized by a downtrend followed by a crossover of the shorter moving average over the longer moving average, leading to a trend reversal and subsequent price increase [2]. Performance Metrics - Over the past four weeks, EGO's stock has gained 14.2% [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further breakout [3]. - Earnings expectations have improved, with two upward revisions and no downward changes in estimates over the past 60 days, contributing to a positive outlook [3][5].
If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-04-27 23:24
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Class Action - Shareholders who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Eldorado Gold [2]. Group 2: Company Update and Stock Impact - On February 5, 2025, Eldorado Gold announced delays in the Skouries Project due to labor market tightness in Greece, which affected construction personnel availability [3]. - The company now expects first production at Skouries in Q1 2026 and commercial production by mid-2026 [3]. - Following this announcement, Eldorado Gold's stock price fell by $1.78 per share, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4].
Eldorado Gold Investor News: If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-04-17 22:15
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation Details - The investigation is prompted by a press release from Eldorado Gold on February 5, 2025, which indicated that labor market tightness in Greece has limited the availability of key construction personnel for the Skouries Project, resulting in delayed progress [3]. - Following the announcement, Eldorado Gold's stock price fell by $1.78 per share, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Group 2: Class Action Information - Investors who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - Interested investors can join the prospective class action by visiting the provided link or contacting the law firm directly [2]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].
Rosen Law Firm Encourages Eldorado Gold Corporation Investors to Inquire About Securities Class Action Investigation - EGO
Prnewswire· 2025-04-15 20:11
NEW YORK, April 15, 2025 /PRNewswire/ -- Why: New York, N.Y., April 15, 2025. Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Eldorado Gold Corporation (NYSE: EGO) resulting from allegations that Eldorado Gold may have issued materially misleading business information to the investing public.So What: If you purchased Eldorado Gold securities you may be entitled to compensation without payment of any out of pocket fees ...
Eldorado Gold Provides Q1 2025 Conference Call Details
Newsfilter· 2025-04-08 21:00
Group 1 - Eldorado Gold Corporation will release its First Quarter 2025 Financial and Operational Results on May 1, 2025, after market close [1] - A conference call to discuss the results will be held on May 2, 2025, at 11:30 AM ET [1][2] - The conference call will be accessible via Eldorado Gold's website and will also have a replay available until June 13, 2025 [2][3] Group 2 - Eldorado Gold is a producer of gold and base metals with operations in Türkiye, Canada, and Greece [4] - The company emphasizes a skilled workforce, safe operations, high-quality assets, and long-term community partnerships [4] - Eldorado's shares are traded on the Toronto Stock Exchange (TSX:ELD) and the New York Stock Exchange (NYSE:EGO) [4]
Eldorado Gold Announcement: If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-04-07 20:00
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Summary by Relevant Sections Investigation Announcement - Rosen Law Firm has announced an investigation into Eldorado Gold Corporation for potential securities claims related to misleading business information [1]. Class Action Information - Shareholders who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. Company Update and Stock Impact - On February 5, 2025, Eldorado Gold provided an update on its Skouries Project, citing labor market tightness in Greece as a reason for delayed construction progress. The company now expects first production in Q1 2026 and commercial production by mid-2026. Following this announcement, Eldorado Gold's stock price fell by $1.78, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions. The firm has achieved significant settlements for investors and has been recognized for its performance in this area [4].
Eldorado Gold Investor News: Rosen Law Firm Encourages Eldorado Gold Corporation Investors to Inquire About Securities Class Action Investigation - EGO
Prnewswire· 2025-04-05 14:00
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Eldorado Gold [2]. Group 2: Company Update and Stock Impact - On February 5, 2025, Eldorado Gold announced delays in the Skouries Project due to labor market tightness in Greece, which has affected the availability of key construction personnel [3]. - The company now expects first production at Skouries in Q1 2026 and commercial production by mid-2026 [3]. - Following this announcement, Eldorado Gold's stock price fell by $1.78 per share, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm was ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4].
Eldorado Gold: Fundamentals And Technicals Point To An Attractive Opportunity
Seeking Alpha· 2025-03-23 14:20
Group 1 - The increase in gold prices over the past year has positively impacted the value of mining companies, which had previously struggled to find upward catalysts despite rising global inflation post-pandemic [1] - Mining companies are benefiting from the surge in gold prices, indicating a potential investment opportunity in the sector [1] Group 2 - The article does not provide specific financial data or performance metrics related to individual companies or the mining sector [2][3] - There is no mention of specific companies or their stock performance in relation to the gold price increase [2][3]
EGO Investors Have Opportunity to Join Eldorado Gold Corporation Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-02-22 03:53
Core Viewpoint - The Schall Law Firm is investigating potential securities law violations by Eldorado Gold Corporation, focusing on misleading statements and undisclosed information related to the Skouries Project and its financial implications [1][2]. Group 1: Investigation Details - The investigation centers on whether Eldorado issued false or misleading statements and failed to disclose critical information to investors [2]. - A press release from Eldorado on February 5, 2025, provided updates on the Skouries Project, including production and cost guidance, indicating labor market tightness in Greece has delayed construction progress [2]. - The company now expects first production at Skouries in Q1 2026 and commercial production by mid-2026, with a revised capital cost estimate increasing by approximately $143 million (15.5%) to a total of about $1.06 billion [2]. Group 2: Market Reaction - Following the announcement of the revised project timeline and cost estimates, Eldorado's shares fell by 11.27% the next day [2].
Eldorado Gold(EGO) - 2024 Q4 - Earnings Call Transcript
2025-02-21 18:42
Financial Data and Key Metrics Changes - In Q4 2024, net earnings attributable to shareholders from continuing operations were $108 million or $0.53 per share, while for the full year, net earnings were $301 million or $1.48 per share, reflecting an increase due to higher gold prices and sales volumes [21][22] - Adjusted net earnings for Q4 were $128 million or $0.62 per share, with full-year adjusted net earnings at $321 million or $1.57 per share, impacted by foreign exchange losses and unrealized gains on derivatives [22][23] - Free cash flow in Q4 was $75 million, totaling $176 million excluding capital investment in the Skouries project, while for the full year, free cash flow was $7 million or $342 million excluding Skouries capex [23][24] - Total cash costs for Q4 were $944 per ounce sold, with all-in sustaining costs (AISC) at $1,226 per ounce sold; for the full year, total cash costs were $940 per ounce sold and AISC was $1,285 per ounce sold [25] Business Line Data and Key Metrics Changes - At the Lamaque Complex, record production of 196,538 ounces was achieved, contributing to a total gold production of 520,293 ounces for the year, a 7% increase from 2023 [7][9] - Olympias produced 15,923 ounces in Q4, with total cash costs of $1,463 per ounce sold, lower production attributed to planned equipment downtime and lower gold grades [41] - Klada had a strong quarter with production of 56,483 ounces and total cash costs of $978 per ounce sold, benefiting from the operation of the new North ADR facility [43] - Efemcukuru produced 19,451 ounces at total cash costs of $76 per ounce sold, achieving annual production guidance for the tenth consecutive year [46] Market Data and Key Metrics Changes - Average realized gold prices increased from $1,944 per ounce to $2,405 per ounce, significantly impacting revenue and cash flow [24] - The company reported a total liquidity of $1.1 billion at year-end, including $857 million in cash and cash equivalents [30] Company Strategy and Development Direction - The company is focused on advancing the Skouries project, with a revised capital cost of $1.06 billion and expected first gold production in Q1 2026 [33] - Continued investment in high-return growth projects is emphasized, with a commitment to maintaining a strong financial position while advancing construction [31][50] - The company aims to optimize operations across its assets, with a disciplined approach to capital management and cost control in a high gold price environment [51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets and emphasized the importance of safety and operational efficiency [12][50] - The company is optimistic about the future of the Lamaque Complex, with ongoing drilling and resource conversion efforts [78][79] - Management acknowledged challenges in the labor market but reported progress in recruitment efforts for the Skouries project [56][60] Other Important Information - The company received a silver award at the 2024 European Mine Safety Awards for its innovative training program [14] - An amended technical report for the Lamaque Complex was filed, removing a preliminary economic assessment due to regulatory feedback [16][17] Q&A Session Summary Question: Update on Skouries labor market and hiring needs - Management reported good progress towards a target workforce of 1,300, focusing on concrete workers and actively recruiting both locally and outside Greece [56][58] Question: Clarification on the removal of the preliminary assessment in the technical report - Management explained that the British Columbia Securities Commission required the removal of the PEA due to the use of technical parameters that should not have been applied to inferred resources [71][72]