Eldorado Gold (EGO) Hits 52-Week High: What's Aiding the Stock?

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 ...