Here is how Eldorado Gold Corporation (EGO) and Osisko Gold Royalties (OR) have performed compared to their sector so far this year.
Eldorado Gold (EGO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
EGO, YOU, MCY, SGC and KNBWY have been added to the Zacks Rank #1 (Strong Buy) List on June 26, 2024.
Gold prices are on an uptrend this year, aided by economic uncertainty and robust central bank purchases. With a bright outlook for the gold mining industry, investors should keep an eye on key players like HMY, EGO, NGD and GAU.
Eldorado held its latest Investor Presentation, which provided the latest status on a range of issues pertaining to the company. Skouries is taking up lots of capex, pushing free cash flow into the red, but the payoff down the road could be substantial. The stock has soared higher lately along with the price of gold, but there is reason to believe Eldorado has a shot at higher prices in the coming years.
Eldorado Gold (EGO) could produce exceptional returns because of its solid growth attributes.
Investors interested in stocks from the Mining - Gold sector have probably already heard of Eldorado Gold Corporation (EGO) and Alamos Gold (AGI). But which of these two companies is the best option for those looking for undervalued stocks?
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.
Here is how Eldorado Gold Corporation (EGO) and Southern Copper (SCCO) have performed compared to their sector so far this year.