Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Core Viewpoint - Eldorado Gold Corporation (EGO) has demonstrated strong performance in the gold mining sector, with significant stock gains and positive financial results, driven by increased production and favorable gold prices. Group 1: Stock Performance - EGO shares closed at $18.50, just 2% below its 52-week high of $18.85, reflecting an 80.7% increase over the past year, outperforming the Zacks Mining - Gold industry's growth of 48.9% [1] - The stock has outperformed major gold miners like Barrick Gold and Newmont, which gained 26.3% and 49.9%, respectively [1] Group 2: Financial Results - In the first half of 2024, EGO reported revenues of $555 million, a 22% year-over-year increase, and adjusted earnings per share surged 329% to 60 cents [3] - EGO produced 239,430 ounces of gold in the first half of 2024, an 8% increase from the previous year, driven by higher throughput at Lamaque and improved grades at Kisladag [3] Group 3: Production Outlook - EGO expects gold production to be between 505,000 and 555,000 ounces for 2024, indicating a 9% improvement from 2023 levels [4] - The company anticipates significant growth in annual gold production to reach 675,000-735,000 ounces by 2027, a 45% increase from 2023 [15] Group 4: Cost Structure - Total cash costs for 2024 are projected to be $840-$940 per ounce, with all-in sustaining costs (AISC) estimated at $1,190-$1,290 per ounce, reflecting a year-over-year rise of 5% and 2%, respectively [5] - Higher gold prices are expected to increase royalty expenses in Greece and Türkiye, impacting overall production costs [4] Group 5: Earnings Estimates - The consensus estimate for EGO's earnings in 2024 is $1.41, suggesting a year-over-year surge of 147.4%, with 2025 estimates at $1.43, indicating a 1.3% increase [7] - EGO has consistently beaten earnings estimates in the past four quarters, with an average surprise of 430.3% [8] Group 6: Growth Projects - EGO operates four mines and is advancing its Skouries copper-gold development project, expected to start production in Q3 2025 [10][13] - The company is focused on increasing productivity at the Lamaque Complex and has a solid pipeline of growth projects, including Perama Hill and Certej [13] Group 7: Financial Position - As of June 30, 2024, EGO had $595 million in cash and $215 million in available credit, with a total debt to total capital ratio of 0.17, lower than the industry average of 0.29 [12]

Company Overview - Hellas Gold has been a leader in the mining industry since 2004, significantly contributing to Greece's economy through the development of the Kassandra Mines [3] - The company is committed to sustainability and local prosperity, emphasizing its dedication to creating opportunities for future leaders in Greece's key industries, particularly mining [3][8] - As a subsidiary of Eldorado Gold, Hellas Gold focuses on the responsible extraction of gold, silver, lead, and zinc while prioritizing environmental sustainability and the well-being of local communities [8] Scholarship Program - The THI Canada Scholarship Program aims to provide financial aid to Greek nationals pursuing graduate studies in Canada, with scholarships of up to €10,000 available [2][6] - This year, four exceptional candidates were selected, including Artemis Balafouti, who is pursuing her MSc in Mining Engineering, aligning with Hellas Gold's mission to foster sustainable development in the mining sector [2][5] - The partnership between Hellas Gold and THI Canada strengthens the scholarship program and provides vital resources for students to pursue their academic goals and contribute to Greece's future [6]

VANCOUVER, British Columbia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ("Eldorado" or the "Company") will release its Third Quarter 2024 Financial and Operational Results after the market closes on Thursday, October 31, 2024, and will host a conference call on Friday, November 1, 2024 at 11:30 AM ET (8:30 AM PT). Q3 2024 Financial and Operational Results Call Details The call will be webcast and can be accessed at Eldorado Gold's website: www.eldoradogold.com, or via: https://event.chorus ...

Eldorado Gold Corp. (EGO) is riding the highs of record gold prices in 2024. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the triple digits in 2024. Eldorado Gold is a gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. Headquartered in Vancouver, Canada, it has a market cap of $3.3 billion. Another Beat in the Second Quarter of 2024 On July 25, 2024, Eldorado Gold reported its second quarter 2024 results and beat on the Zacks C ...

Editor's note: Seeking Alpha is proud to welcome Bujon Capital as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » andyKRAKOVSKI/iStock via Getty Images Thesis Eldorado Gold (NYSE:EGO) is at a turning point in its history as the Skouries project located in Greece is expected to reach first production in Q3-25. Even though El ...

Shares of Eldorado Gold (EGO) scaled a new 52-week high of $18.38 on Aug 20 before ending the session lower at $17.92. The upside was fueled by a spike in gold prices. Eldorado Gold has a market capitalization of $3.7 billion and currently sports a Zacks Rank #1 (Strong Buy). Shares of the company have gained 38.2% year to date, outpacing the industry's 28.6% growth and the S&P 500's 17.7% rise. Meanwhile, the Basic Materials sector has declined 4.2% in the same time frame. Image Source: Zacks Investment Re ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

EX-99.1 2 ego_ex991.htm EX-99.1 EXHIBIT 99.1 Execution Version FIFTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of THE LENDERS FROM TIME TO TIME PARTIES HERETO as Lenders and June 27, 2024 among ELDORADO GOLD CORPORATION as Borrower and ROYAL BANK OF CANADA as Administrative Agent and ROYAL BANK OF CANADA, BMO CAPITAL MARKETS, NATIONAL BANK FINANCIAL MARKETS and CANADIAN IMPERIAL BANK OF COMMERCE as Co-Lead Arrangers, Joint Bookrunners and Co-Syndication Agents Table of Contents | | | Page | | --- | --- ...

Eldorado Gold Corporation (NYSE:EGO) Q2 2024 Earnings Conference Call July 26, 2024 11:30 AM ET Company Participants Lynette Gould - Vice President of Investor Relations, Communications and External Affairs George Burns - President and Chief Executive Officer Paul Ferneyhough - Executive Vice President and Chief Financial Officer Louw Smith - Executive Vice President of Development, Greece Simon Hille - Executive Vice President, Technical Services and Operations Conference Call Participants Mike Parkin - Na ...