Eldorado Gold: The Stock Is Attractive

Fun Trading
21.53K Followers

Summary

  • Eldorado Gold Corporation announced preliminary gold production for the third quarter of 2023, with a 1.1% increase compared to the same period last year.
  • The Skouries mine construction is progressing on schedule, with a 5-year production outlook showing positive results.
  • Despite recent weakness in the gold industry, the stock performance of Eldorado Gold has outperformed gold miners ETF and Newmont Corp.
  • I recommend buying Eldorado Gold between $8.50 and $8.25 with possible lower support at $8.

mound of gold

bodnarchuk

Part I - Introduction

The Vancouver-based Eldorado Gold Corporation (NYSE:EGO) announced the third quarter of 2023 preliminary gold production late on October 1, 2023.

Also, Eldorado Gold published its October presentation, which you can access by clicking here.

Unfortunately, my marketplace, "The Gold and Oil Corner," will close at the end of October.

This article was written by

21.53K Followers
Fun Trading is a retired engineer and independent investor. In addition to writing on investing in all aspects of gold, oil, and gas, he runs his own portfolio.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of EGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I trade short-term EGO frequently and own a medium long-term position.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About EGO Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on EGO

Related Stocks

SymbolLast Price% Chg
EGO
--
ELD:CA
--