|Bid||3.53 x 0|
|Ask||3.58 x 0|
|Day's Range||3.5400 - 3.7100|
|52 Week Range||0.7300 - 4.6600|
|Beta (3Y Monthly)||2.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 19, 2019 - Mar 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.85|
Hunting for a bargain? This group of beaten-down stocks, including Pretium Resources Inc. (TSX:PVG)(NYSE:PVG), might provide the value you're looking for.
Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) is facing a liquidity crisis, and higher gold prices won't save it.
Eldorado Gold Corporation (“Eldorado” or “the Company”) reports that it has filed its articles of amendment effective December 27, 2018 in respect of the previously announced 5:1 consolidation of the common shares of the Company. The Company expects that, effective at the opening of trading on December 31, 2018, Eldorado’s common shares will commence trading on the Toronto Stock Exchange and the New York Stock Exchange on a post consolidated basis. The new CUSIP number for the Company’s common shares is 284902509 and the new ISIN for the Company’s common shares is CA2849025093.
Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that it is proceeding with a 5:1 consolidation of the common shares of the Company (“the Consolidation”) with an effective date of December 27, 2018. Notice has been provided to the New York Stock Exchange (“NYSE”), and Eldorado’s common shares are expected to begin trading on the NYSE and the Toronto Stock Exchange (“TSX”), on a consolidated basis, on or about December 31, 2018.
VANCOUVER, British Columbia , Nov. 26, 2018 -- Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Reserve and Resource estimates as of September.
(Continued from Prior Part)Tasiast expansion The Tasiast expansion is vital for Kinross Gold (KGC) to replace its maturing production. During the company’s recent earnings call, it mentioned that it had completed the commissioning of the Phase One expansion successfully. The ramp-up of the SAG (semi-autogenous grinding) mill had also gone well. The company, however, stated during the call that the ramp-up in the mining rate and the completion of the SAG mill’s construction were going slower than planned. ...
Find out what's been happening at Eldorado Gold (TSX:ELD)(NYSE:EGO) trading at under $1 and a market cap of under $650M.
Ray Dalio, chair and chief investment officer of Bridgewater Associates, has maintained the fund’s stake in the SPDR Gold Shares ETF (GLD) and the second-largest physical gold-backed ETF, the iShares Gold Trust ETF (IAU). Bridgewater Associates kept its holdings at 3.91 million shares in GLD and 11.31 million shares in IAU in the third quarter, according to Fintel.
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? Among intermediate gold miners (GDXJ), Agnico Eagle Mines (AEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 10.6x, which implies a whopping premium of 76.0% to its close peers. AEM’s strong operational consistency and its exploration program support a higher multiple for the stock.
For those investors willing to bear the risk of heightened volatility, an investment in VIVO Cannabis Inc (TSXV:VIVO) and another small cap gold miner could prove tremendously lucrative.
Historically, IAMGOLD (IAG) has traded at a lower valuation than its peers. Due to its significant turnaround in 2017, the stock’s multiple rerated in 2017, and it’s since reverted back due to IAG’s weak operational performance.
What Would It Take to Restore Investors’ Confidence in IAMGOLD? Currently, IAMGOLD (IAG) has the fourth-highest number of “buy” ratings among its peers at 75%. Analysts’ sentiment for the stock has remained stagnant for the last few months.
IAMGOLD (IAG) reported its third-quarter earnings results after the market closed on November 6. It reported EPS of -$0.01, in line with analysts’ consensus estimate. Its revenue, however, missed expectations, coming in at $244.8 million compared to the consensus estimate of $266 million.
Since the generation of free cash flow (or FCF) creates shareholder value and helps a business’s long-term prospects, it’s important for investors to track gold miners’ (GDX) abilities to generate FCF. Barrick Gold (ABX) has a strategy of value over volume, which prioritizes profitable production. The company defines value creation for shareholders in terms of FCF per share. Barrick Gold generated FCF of $319 million in the third quarter compared to -$172.0 million in the second quarter.
Yamana Gold’s (AUY) valuation multiples, which represent how much investors are willing to pay for a stock based on analysts’ estimates, have ranged between 4.3x and 9.8x over the last five years. Currently, Yamana Gold is trading at a forward EV-to-EBITDA multiple of 5.3x.
According to the consensus compiled by Thomson Reuters, 71% of the analysts covering Yamana Gold (AUY) stock recommended a “buy,” while 14% recommended a “hold.” Yamana Gold’s target price represents an upside potential of 54% based on its current market price of $2.33.
IAMGOLD (IAG) was the best-performing gold stock of 2017, returning 51.4% for the year. It significantly outperformed the VanEck Vectors Gold Miners ETF (GDX) as well as the SPDR Gold Shares ETF (GLD). Although it hasn’t performed as well in 2018, its operating performance has been strong.
Eldorado Gold (EGO) stock dropped significantly in 2017 due to the standoff with the Greek government and some technical issues at its mines in Turkey. The stock continues to be pummeled due to these issues in 2018.
By October 17, Agnico Eagle Mines (AEM) has lost 20.3% of its value YTD (year-to-date), while the VanEck Vectors Gold Miners ETF (GDX) had fallen 14.3%. Among senior and intermediate miners (GDX)(GDXJ), Newmont Mining (NEM), AngloGold Ashanti (AU), Barrick Gold (ABX), and Goldcorp (GG) have performed better than AEM. Agnico Eagle is known to deliver consistent results throughout its cycles.
In the news release, Eldorado Gold Reports 2018 Third Quarter Financial and Operating Results Including Positive Decision to Advance Kisladag Mill, issued 25-Oct-2018 by Eldorado Gold Corporation over ...