Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Eldorado Gold Corporation's Q3 2024 production increased by 3%, but full-year guidance was trimmed due to downtime at Olympias and slower leach times at Kisladag. Meanwhile, costs increased materially year-over-year, with Eldorado being one name whose costs are more sensitive to higher royalty rates related to the gold price vs. its peers. On a positive note, Skouries remains on schedule & while EGO doesn't screen as attractively for its FCF yield, it will morph into a free cash flow machine in 2026.
Eldorado Gold (EGO) possesses solid growth attributes, which could help it handily outperform the market.
Eldorado Gold Corporation (NYSE:EGO ) Q3 2024 Earnings Conference Call November 1, 2024 11:30 AM ET Company Participants Lynette Gould – VP of IR, Communications and External Affairs George Burns - President & CEO Paul Ferneyhough – EVP & CFO Louw Smith - EVP of Development, Greece Simon Hille - EVP, Technical Services & Operations Conference Call Participants Cosmos Chiu - CIBC Michael Parkin - National Bank Tanya Jakusconek - Scotiabank Lawson Winder - Bank of America Securities Operator Thank you for standing by. This is the conference operator.
EGO's Q3 results are likely to reflect higher gold prices and sales volumes. Let us determine whether you should add the stock to your portfolio now.
Does Eldorado Gold Corporation (EGO) have what it takes to be a top stock pick for momentum investors? Let's find out.
EGO's stock has been rising steadily and is approaching its 52-week high level. Let us find out whether it is too late to buy the stock.
Gold's at record highs. Consider this miner.
Eldorado Gold is at a turning point in its history as the Skouries project located in Greece is expected to reach first production in Q3-25. Once in full production, Skouries is expected to have operating costs of -$365 per ounce after subtracting the credit associated with the copper production. Eldorado has been one of the best-performing gold producers over the last year. Expectations are high and Skouries must be completed on time and on budget.
Eldorado Gold (EGO) shares gain on the back of solid second-quarter 2024 results, an upbeat outlook for 2024 and the recent trend in gold prices.
Does Eldorado Gold Corporation (EGO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how Eldorado Gold Corporation (EGO) and Barrick Gold (GOLD) have performed compared to their sector so far this year.