VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ("Eldorado" or the "Company") today provides the following updates on the tax impacts in Turkiye in Q2 2024. Tax Impacts in Turkiye for Q2 2024 The Company's profits from mining operations in Turkiye are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items. For the second quarter, the Company expects the Turkish current income tax expense on mining pro ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 10: Eldorado Gold Corporation (EGO) : This mining and exploration company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days. Eldorado Gold has a PEG ratio of 0.29 compared with 0.33 for the industry. The company possesses a Growth Score of B. Sasol Limited (SSL) : This integrated chemical and energy company car ...

The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature. The Company proactively extended and increased the credit facility in order to replace the October 2021 senior secured credit facility which was maturing in 2025. The Credit Facility bears interest at a rate of SOFR plus a margin of 2.125- 3.250%, dependent on the Company's net-leverage ratio. "The extension and increase of ou ...

"The extension and increase of our credit facility reflects the strong confidence that our lenders have in our business," said George Burns, Eldorado Gold's President and Chief Executive Officer. "We are pleased to continue our long-standing partnership with our multinational bank group, the majority of whom have partnered with Eldorado for many years. With the Skouries project fully funded and expected to achieve first production in the third quarter of 2025, this facility provides additional financial fle ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

Investors looking for stocks in the Mining - Gold sector might want to consider either Eldorado Gold Corporation (EGO) or Triple Flag Precious Metals (TFPM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Eldorado Gold Corporation (EGO) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Eldorado Gold Corporation is one of 241 companies in the Basic Materials group. The Basic Materials group currently sits at #10 within the Zacks Sector Rank. The Zacks Sect ...

This company is expected to earn $1.08 per share for the fiscal year ending December 2024, which represents a year-over-year change of 89.5%. Bottom Line You can learn more about the Zacks Rank here >>> As such, the Zacks rating upgrade for Eldorado Gold is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by sub ...

Superior Group of Companies (SGC) : This company which manufactures and sells apparel and accessories principally in the United States and internationally, has seen the Zacks Consensus Estimate for its current year earnings increasing 17.2% over the last 60 days. Kirin (KNBWY) : This company which is engaged in the manufacture and sale of alcohol beverages and soft drinks, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days. You can see the complete list ...

The prospects for the Zacks Mining - Gold industry look optimistic, supported by the momentum in gold prices. We suggest keeping a tab on companies like Harmony Gold (HMY) , Eldorado Gold (EGO) , New Gold Inc. (NGD) and Galiano Gold (GAU) , as these are well-poised for improvement, backed by their strong balance sheets, efforts to lower costs and growth initiatives. Per the U.S. Census Bureau's latest report, retail and foodservices sales in the United States inched up 0.1% in May 2024 from April 2024. On a ...