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Eldorado Gold Corporation (EGO)

NYSE - NYSE Delayed Price. Currency in USD
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13.26-0.21 (-1.56%)
At close: 4:00PM EDT
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  • n
    nicholas
    This is truly happening no matter what some posters like Guido say I actually know what is going on. You could get the news next Monday. As Eldorado Gold said, "it has submitted an upgraded investment plan that provides increased compensatory benefits, more revenue for the Greek state, significant funds for emblematic development projects in the local community, enhanced employment and an even stronger commitment to environmental protection."
    The relevant reform, as he noted, will have been voted in Parliament by the end of OCTOBER and "will undoubtedly make the life of investors much easier."
    Bullish
  • M
    Mark
    Eldorado Gold is a profitable gold miner that's likely to produce even stronger financial results in Q3/Q4 with gold prices $200/oz higher than in Q2. The company has not been impacted much by COVID-19 and has maintained a very strong balance sheet.
    Bullish
  • B
    Beauspeak
    It'll close GREEN today.
    Don't get suckered.
    Price of Gold is irrelevant in the short-term.
    Q3 Results next Thursday eve, and big news next Friday, is imminent.
    Trillions and Trillions of additional monies will be printed by governments yet in 2020, and into 2021.
    Gold prices will absolutely keep going up in short-, medium-, and long-term for several years.
    Bullish
  • H
    Hank
    Most of my shares in EGO were acquired pre-split between 5 and 7 (sadly, more near 7 than 5). I'm holding EGO and other precious metal mining stocks because I believe the world is in debt, is competitively devaluing currencies, and as the great Richard Russell stated repeatedly, it's "Inflate or die". My model for gold (based on FED data) suggests gold is fairly valued now, will be at 2000 in 2022, and 3000 in 2028. Gold can move significantly above or below the modeled price (it was 600 over in 2011, 300 under in 2019). We have just emerged from a long period of undervaluation and will likely begin a long period of overvaluation.
  • B
    Bill
    I bought most my shares at $8 and added again just now 5000 shares at $13.09 since Q3 is next week
    Bullish
  • B
    Bill
    Earnings next week with production 35% higher yoy on top of gold price over $1900 no doubt will be great Q. This is a classic recipe to loose a monstrous rally and sell just because a stock went up fast. Get it while you can buy and collect gold miners most are trading below record P/Es wont last much longer EGO is fairly a $15 $20 stock EGO is likely 2-3 bag
    Bullish
  • c
    charles
    You have to buy tomorrow
    Skouries permits will be made public next week Eldorado Gold will be trending news among all mining sites. Skouries mine adds 140k oz of gold + 66.9 Mlbs of copper per year will trigger countless upgrades.
    Bullish
  • c
    charles
    Prepare for the best earnings quarter in precious metals since 2011. Miners will lead gold higher next week since revenues have expanded tremendously where many miners will increase dividends.
    Bullish
  • G
    G
    When the Skouries permits are made public, what do you speculate the stock will rise to? I've seen predictions from $20 to $50, but I'd like to hear reasons. I have had this stock since Integra was purchased and I was given this stock in exchange for bought shares. Thank you.
  • M
    Mark
    RBC was forced to upgrade Eldorado Gold because they know what is coming and is time you do too. Eldorado will trade $18-$30 if Skouries is announced this same month.
    Bullish
  • c
    charles
    Based on all the available data for Q3 the mining sector will outperform on revenue growth mostly based on highest gold price over $1900 not only majors are discounted by mid-tiers like Eldorado Gold as well.
    Bullish
  • D
    Devon
    The fact that stimulus is on pause and won’t be a thing until after the election, and gold didn’t plummet. Shows that were in good hands. I can’t see gold going down anymore than it has already. I think no stimulus before the election has already been priced in, only positive news going forward. 😎 increase in corporate tax if Biden is elected may hurt us though.
    Bullish
  • P
    Peter
    For Q3 average realized gold price will be north of $1,900/oz I'm expecting over $80 million free cash flow.
    Bullish
  • W
    Warren
    Back in September 2019 EGO management stated they will seek a strategic partner to help fund the $680 million remaining development cost for the Skouries project. With 2020 Q3 coming up, they will likely only be a few pennies shy of funding this entirely on their own. What a difference a year makes.
    Bullish
  • c
    charles
    Remember Eldorado Gold likes to release updates prior to Quarterly Results expect Press Release on Tuesday
    Bullish
  • c
    charles
    Next Thursday Q3 will be a major windfall for investors in gold mining companies due to average gold sales well over $1920. (Compared to Q2 $1726)
    Bullish
  • n
    nicholas
    Clarifications on the parliamentary question of the SYRIZA MPs, S. Famellou and K. Malamas regarding the financial and tax data of Ellinikos Chrysos, are given by the company through its vice president and managing director, Dimitris Dimitriadis. The company in its letter, which it notifies to the competent ministers, states: "Dear Members of the Greek Parliament,First of all, we need to emphasize once again that our company operates in full compliance with the institutional and operational framework that governs its activity. Our integrity and respect for the Laws, both from environmental and In addition, we strictly comply with the legal and fiscal framework of our country, while informing all stakeholders and competent bodies about our actions is always carried out responsibly and validly. absolute transparency.To our greater surprise, we shared the recent parliamentary question concerning our company's financial data, which you addressed to the Ministries of Finance, Environment and Energy, Development and Investment, and Labor and Social Affairs. It is of course self-evident that with this letter we do not in any way substitute the institutional role and obligation of the above to handle your request, nor do we rush to respond to the points. However, we would like to make some necessary clarifications, in order to restore the reputation and reputation of our company, Hellenic Gold, which once again are unjustly affected by your public positions.Every company that invests with self-respect and honors the place where it operates, considers institutional compliance to be more than self-evident. Unfortunately, however, we are forced to repeat it for the umpteenth time, following the often untrue and sometimes biased allegations that affect the Greek Gold and, so to speak, the Greek mining industry. This finding is made with regret, however it is difficult to draw a different conclusion from the fact that, in this case, you are in fact accusing our company provocatively but provocatively, without any documentation, except mainly as a rhetorical firework. We wonder what other company has a similar issue raised in Parliament, other than fully or partially public companies, or others that are being prosecuted for financial or other crimes against the State.We would like to inform you that both Hellenic Gold and its parent company Eldorado Gold, are the first to welcome the institutional consultation and institutional control, making available from the first moment all the data governing the activity to the competent authorities. both in Greece and internationally. Respectively, all the financial and tax data you request in your question are at the disposal of the competent Ministry of Finance as well as the Bank of Greece. In any case, we would like to remind you that, to date, Hellenic Gold has implemented an investment by importing capital from abroad into the country, amounting to $ 1.2 billion, currently employing 1,650 employees, of which 9 out of 10 come from the local society of the Municipality of Aristotle, while it has paid #$%$ 348 million in salaries, allowances and employer contributions. Our activity has generated revenues of #$%$ 375 million for the Greek state, as well as revenues of #$%$ 892 million to domestic suppliers and companies. In addition, to date we have invested over #$%$ 22 million in corporate responsibility projects for the multilevel strengthening of the communities of NE Halkidiki, promoting tourism, culture, sports, social cohesion, public health and the development of parallel economies in region.The above data are just some of those that rightly make the investment in Kassandra Mines one of the largest at the moment in Greece, with a great prospect of full growth, additional investments of $ 2 billion and employment that will reach 5,000 direct and indirect positions. work. Besides, we are already the largest employer in the region of Central Macedonia, where unemployment is approaching 30%.In terms of your concerns about the profitability of the parent company Eldorado Gold, in contrast to the loss-making activity of Hellenic Gold in recent years, one reasonably understands that a group like Eldorado Gold is accountable for all its activities internationally in some of the major and strictest regulatory and financial authorities worldwide, such as the US Securities and Exchange Commission, the IRS, the Canadian Securities and Exchange Commission, among others. Its profitability allows it to finance subsidiaries regardless of any loss-making uses they may have.We understand that you are well aware of the reasons that led our company to a loss-making activity, namely the many years of licensing delays that stuck for years the long-term investment in Kassandra Mines and deprived the local community of significant benefits and thousands of quality and good jobs.Finally, we would like to reiterate that our invitation to visit the Kassandra Mines remains open.
    Bullish
  • c
    charles
    Time is running out Eldorado Gold releases Quarter 3 earnings Results next Thursday
    Bullish
  • c
    charles
    The reality is you are running out of time to purchase Eldorado Gold at fair prices, the re-rate based on Greek assets will happen 100% and once it does you will NEVER be able to purchases shares at this low price.
    Bullish
  • M
    Mark
    Wall Street analysts forecast that Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) will post earnings of $0.37 per share for the current quarter, according to Zacks. The highest EPS estimate is $0.38 and the lowest is $0.27.
    Bullish