Doesn't own either. Kinross has historical issues trying to right the ship, doing better recently.
For ELD, a very high 60% of NAV is exposed to development risk. Recent mine is financed and built, but there's still execution risk. Trades at a discount on geopolitical risk too.
His preference is AEM, with one of the best teams and one of the best executions he's seen over the last decade.
Sell Telus and buy Eldorado Gold? They're totally different companies, different stories. Can't compare them. Eldorado's valuation is extended, so he'd look elsewhere. Stick with telecoms, which pay decent income and offer decent growth. People are using more bandwidth. Infrastructure and telcom stocks have been overlooked as investors have chased the tech high-flyers.
Not shorting any gold right now. Stock's run well ahead of the group, so he's not as enamoured with this name. He'd look at B2Gold. For domestic, he'd take Detour Gold. Gold is the default winner in the face of US debt putting pressure on the dollar, and will probably be higher in 6 months.
Eldorado Gold is a Canadian stock, trading under the symbol ELD-T on the Toronto Stock Exchange (ELD-CT). It is usually referred to as TSX:ELD or ELD-T
In the last year, there was no coverage of Eldorado Gold published on Stockchase.
Eldorado Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for Eldorado Gold.
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0 stock analysts on Stockchase covered Eldorado Gold In the last year. It is a trending stock that is worth watching.
On 2024-12-12, Eldorado Gold (ELD-T) stock closed at a price of $23.65.
Our PAST TOP PICK with ELD has triggered its stop at $13.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 19%, when combined with our previous recommendations.