"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 ...

Core Viewpoint - Eldorado Gold Corporation is experiencing a significant upgrade in its earnings outlook, reflected in a Zacks Rank 1 (Strong Buy), indicating a positive trend in earnings estimates that could lead to an increase in stock price [3][7][10]. Earnings Estimates - The expected earnings per share for Eldorado Gold for the fiscal year ending December 2024 is $1.08, representing a year-over-year change of 89.5% [1]. - Over the past three months, the Zacks Consensus Estimate for Eldorado Gold has increased by 60% [13]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8]. - The Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings, with only the top 5% of stocks receiving a 'Strong Buy' rating, indicating superior earnings estimate revisions [12]. Market Implications - The upgrade to Zacks Rank 1 positions Eldorado Gold in the top 5% of Zacks-covered stocks, suggesting potential for near-term price movement [14]. - Rising earnings estimates and the corresponding rating upgrade imply an improvement in the company's underlying business, which is expected to be positively received by investors [10].

Group 1: Superior Group of Companies (SGC) - The company has seen a 17.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] Group 2: Kirin (KNBWY) - The company has experienced a 5.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] Group 3: Eldorado Gold (EGO) - The company has seen a significant 48% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] Group 4: CLEAR Secure (YOU) - The company has experienced a 32.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] Group 5: Mercury General (MCY) - The company has seen an 18.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [5]

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 ...

Eldorado has seen its stock appreciate from a low of $5.06 in September 2022 to a high of $16.70 in May 2024. With the stock up this much, including quite recently, those wanting to buy may want to pick their entry point carefully. Those who want to get in on Eldorado may want to consider dollar averaging since the stock has already rallied a lot recently and the potential for a further drop in the stock price is there. Investor takeaways There is good reason to be optimistic about the prospect for higher g ...

That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). Earnings growth is arguably the most important factor, as stocks exhibiting exc ...

These are just a handful of the figures considered in Eldorado Gold's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that EGO is an impressive value stock right now. The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest tren ...