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Why Shares of Eldorado Gold Are Falling Today

Scott Levine, The Motley Fool
·2 min read
Why Shares of Eldorado Gold Are Falling Today

While the market seemed enthusiastic about gold producer Eldorado Gold (NYSE: EGO) a couple of weeks ago, investors are recognizing the company as a less lustrous opportunity today after it reported mixed third-quarter earnings. As of 11:38 a.m. EDT, Eldorado Gold's stock has dipped 6.6%, recovering from a steeper decline of 10.1% earlier in the trading session. Although Eldorado Gold exceeded analysts' expectations by 22%, reporting adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $0.22 per share, the story on the top line glittered less brightly in investors' eyes.

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