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Eldorado Gold (EGO) Looks Good: Stock Adds 7.8% in Session

Zacks Equity Research

Eldorado Gold Corporation EGO was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 67.7% in the past one-month time frame.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Eldorado Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Eldorado Gold Corporation Price

Eldorado Gold Corporation Price

Eldorado Gold Corporation price | Eldorado Gold Corporation Quote

A better-ranked stock in the Mining – Gold industry is Agnico Eagle Mines Limited AEM, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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