Eldorado Gold Corp (USA)

  • More Downside Ahead for These Gold Miners

    By Vladimir Zernov - August 14, 2013 | Tickers: AEM, EGO, KGC

    As the price of gold continues on its way down, so to are the share prices of gold mining companies. Companies test their assets against a new price reality, and it often leads to write-downs from balance sheets. Kinross Gold (NYSE: KGC) was yet another gold miner that announced an impairment--this case it was to the tune of $2.3 billion. The company's stock has already lost almost 50 more »

  • 3 Undervalued Gold Miners Poised to Take Advantage of The Rebound In Gold

    By Matt Smith - July 24, 2013 | Tickers: ABX, EGO, AUY

    The sharp correction in the gold price since the start of 2013 has seen gold miners fall into disfavor with investors, with many of the major miners touching new 52 week lows. Already for the year to date, the Gold Bugs Index -- which measures the performance of the 30 largest gold miners -- has plunged 43%. As a result, there are a number of potential bargains now hidden in the gold more »

  • These 5 Gold Majors Down a Shocking 60%+

    By Peter Epstein - July 3, 2013 | Tickers: AU, ABX, EGO, NCMGY.PK, GLD

    Gold, as measured by the SPDR Gold Shares ETF (NYSEMKT: GLD) is down a remarkable 30% from its 52-week high. However, that performance pales in comparison to the dismal showing of Barrick Gold (NYSE: ABX), Newcrest Mining (NASDAQOTH: NCMGY.PK), Eldorado Gold, (NYSE: EGO), Compa, "BVN," and AngloGold Ashanti (NYSE: AU), each down at least 60%!

    Beware the Elevated Dividend Yields

    Unlike GLD, four of these five majors pay stock dividends more »

  • Mining for Gold...Mines, That Is

    By Joseph Porter - April 30, 2013 | Tickers: EGO, GG, IAG, PAAS

    Over the past six months, the price of precious metals has been sliding downwards. In particular, gold has seen a drop of almost 25%, while silver has decreased in price by almost 33%; the devaluation has been rather dramatic in recent weeks:

       

    In the period from April 9 to April 17, silver dropped more than 15%, to $23.34 from $27.51. Gold saw a similar drop from April 5 more »

  • Golden Opportunity - Gold Mining Stocks

    By Elaine Love - March 22, 2013 | Tickers: ABX, EGO, NEM, AUY

    Any Fool knows that the goal is to buy low and sell high. If you're considering purchasing an undervalued gold mining stock, this is your golden opportunity.

    Private citizens rushed to the bank yesterday in Cyprus; a flurry of withdrawals resulted as citizens learned the terms of the Cyprus bailout. Imagine taking 10% of a private citizen’s funds to cover the bailout. Is it any wonder that the more »

  • CAPEX Forecasts: An Indication of Where the Gold Industry Is Heading

    By Masam Abbas - January 31, 2013 | Tickers: ABX, DRGDF, EGO

    In my last post on gold equities, I covered Agnico-Eagle, Alamos Gold and AuRico Gold. I have short-listed three more players that need some investors’ attention. Before discussing them, it is important to note that price of gold as a commodity has been falling lately. In that respect, we need to analyze the CAPEX plans of the gold players in 2013 and the future:

    Barrick Gold (NYSE: ABX)

    The Street more »

  • All that Glitters is Usually Gold With these Majors

    By Michael Ugulini - January 16, 2013 | Tickers: ABX, EGO, GG

    Gold stocks have a penchant for shining brilliantly at times, while losing their luster at other times. It's the nature of the sector; investors should carefully consider this before hunting for the treasure of a perfect gold stock.  Preferring gold in today's economic climate means being willing to ride out waves of price variance. It's enough to get those gold fillings rattling when this happens. However, the more »

  • Billionaire Einhorn Likes Gold, Should You Buy These Miners?

    By Meena Krishnamsetty - October 25, 2012 | Tickers: ABX, EGO, GG, NEM, AUY

    Greenlight Capital, managed by billionaire David Einhorn and his team, reported to investors in its third quarter letter that it had gained 13% net of fees during the first three quarters of 2011- about even with the S&P 500 index. It is important to keep in mind that Greenlight has significant short positions which likely held down the fund’s gains, but are a good thing for investors because more »

  • After QE3 Announcement, Buy These 2 Gold Stocks

    By David Gould - September 29, 2012 | Tickers: EGO, NGD, AUY

    After the Fed announced another round of stimulus through QE3, gold stocks continued on a nice surge. Eldorado Gold (NYSE: EGO), New Gold (NYSEMKT: NGD), and Yamana Gold (NYSE: AUY) have gone up 6.9%, 9.5%, and 10.6%, respectively, over just the last 5 trading days alone. On one side, you have the bulls. This side argues that endless government spending will drive concerns over inflation and send more »

  • This Gold Miner Is Shining

    By Andrés Cardenal - September 17, 2012 | Tickers: AU, ABX, EGO, GG, NEM

    Adding some gold exposure to a portfolio seems like smart idea now that the Fed has promised to keep monetary stimulus at unprecedented levels for an indefinite period of time. From a macroeconomic perspective, the timing seems quite adequate for an investment in gold miners, and in terms of company specific analysis, Eldorado Gold (NYSE: EGO) has proven to be an outstanding company among its peers.

    Gold miners are price more »

  • Is This the Best Gold Mining Stock?

    By Soroush Pour - June 26, 2012 | Tickers: AU, EGO, GFI, HMY, GOLD

    Over the past decade, the one asset class that has been kindest to investors’ portfolios has been gold bullion, which has appreciated at an average annual rate north of 40 percent since 2002. In comparison, the major American indices have returned around 4 percent per year, while U.S. Treasuries have exhibited similar gains, depending on the variant.  Looking toward the near term, analysts are betting that the gold rally more »

  • Looking for a Golden Gold Miner

    By Andrés Cardenal - June 17, 2012 | Tickers: AEM, EGO, GG, IAG, KGC

    Gold mining is a very particular business, in which having low production costs is perhaps the most determinant competitive advantage. Companies cannot differentiate their products in this industry; they need to accept a price that is determined by the global supply and demand environment. For this reason, production costs become a critical factor to obtain profitability and even survive in times of volatile commodity prices.

    Because individual companies have almost more »

  • All That Glitter is Gold

    By Michael Mistaleski - June 5, 2012 | Tickers: ABX, EGO, GG

    I'm not a gold bug nor a doom and gloom-er. I believe in that old axiom that says those who don't learn from history are bound to repeat it. People are afraid, so they rush to what they perceive as investment safe-havens like 10-year U.S. Treasuries whose yield dropped to 1.45% on Friday. They want to maintain their principle all the while their purchasing power is more »

  • China: World's Biggest Gold Market

    By Tony Daltorio - February 23, 2012 | Tickers: EGO, AGOL, GLD

    This year is set to be a very important year for the gold market. It is the year that China is expected to overtake India as the world's largest consumer of gold. 

    India has traditionally been the largest consumer of gold in the world as the metal is deeply embedded into Indian culture. It starts with the Indian creation myth...from a cosmic golden egg was born the Creator more »

  • Positive Outlook On Gold

    By Arthur Pinkasovitch - February 8, 2012 | Tickers: ABX, EGO, FNV, KGC, AUY

    Common investment rhetoric states that the performance of gold and the U.S dollar are inversely correlated, with investors moving their money between these two safe assets as USD and gold fundamentals shift back and forth. Starting in December 2011, however, this relationship has broken down as gold moved primarily up while the USD fluctuated in both directions. However, the long term relationship still stands – when safe money markets fail more »

  • Buy Eldorado to Ride the Gold Bull in 2012

    By Michael French - January 17, 2012 | Tickers: EGO, NEM

    Gold had an outstanding run in 2011, besting other major asset classes, including U.S. equities. The precious metal’s positive run has now continued into its 11th consecutive year and early indications thus far are that it will extend into a 12th. Through the last decade gold delivered average growth of 20% per year -- comfortably an inflation beater.

    In the last days of December the price of gold softened more »

  • Ron Paul’s Portfolio: Unusual, Yes…But "Weird"?

    By Brad Hessel - January 6, 2012 | Tickers: ABX, EGO, GG, NEM

    Twice in the last three weeks, Wall Street Journal personal finance blogger Jason Zweig has taken aim at GOP Presidential candidate Ron Paul…not for anything Dr. Paul has said, or for any of his policy proposals, but rather to criticise his investment portfolio. In his 21 December 2011 post, Mr. Zweig wrote:

    …[W]e’ve never seen a more unorthodox portfolio than Ron Paul’s.… It’s shockingly different more »

  • Eldorado Gold Gambles on Greece

    By Tony Daltorio - December 22, 2011 | Tickers: EGO, KGC

    Exploring for gold is a chancy enough venture. But Canada-based gold producer Eldorado Gold (NYSE: EGO) is taking an even bigger gamble.  

    The company is rolling the dice to see whether debt-stricken Greece can overcome its historic resistance to foreign-backed mining projects in the country. 

    Eldorado announced earlier this week it would buy a company called European Goldfields for $2.4 billion in Eldorado stock. European Goldfields has two major more »