Eldorado Gold

ELD-T

TSE:ELD

14.83
0.80 (5.12%)
Eldorado Gold Corporation is a Canadian mid-cap gold mining company. It has assets in Canada, Turkey, Greece, Romania, Brazil and Serbia.
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Analysis and Opinions about ELD-T

Signal
Opinion
Expert
COMMENT
COMMENT
November 3, 2017

Has been on his watch list for years. Greece is their big growth prospect. They were having all kinds of difficulty with the Greek government. Recently the government capitulated to some degree. The company was threatening to leave the country. They've spent well over $1 billion already. They employed a lot of workers who demonstrated against the government. It's a fascinating contrarian play. If you buy into a stock like this, you have to be very, very patient.

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Eldorado Gold (ELD-T)
November 3, 2017

Has been on his watch list for years. Greece is their big growth prospect. They were having all kinds of difficulty with the Greek government. Recently the government capitulated to some degree. The company was threatening to leave the country. They've spent well over $1 billion already. They employed a lot of workers who demonstrated against the government. It's a fascinating contrarian play. If you buy into a stock like this, you have to be very, very patient.

COMMENT
COMMENT
September 15, 2017

Has some very good assets, but unfortunately in some difficult environments, Greece being front and centre. Probably trades at a 30%-40% discount to its peers. A very low cost producer and great margins. Material growth down the road over the next 5 years. Unfortunately, they are in a bit of a battle with the more recent Greek government, where permitting and the ability to get things done has been hampered. They are now going into arbitration. They’ve received an important license for the Olympias project, one of 2 major projects there. He has avoided this stock because he is not interested in extreme volatility.

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Eldorado Gold (ELD-T)
September 15, 2017

Has some very good assets, but unfortunately in some difficult environments, Greece being front and centre. Probably trades at a 30%-40% discount to its peers. A very low cost producer and great margins. Material growth down the road over the next 5 years. Unfortunately, they are in a bit of a battle with the more recent Greek government, where permitting and the ability to get things done has been hampered. They are now going into arbitration. They’ve received an important license for the Olympias project, one of 2 major projects there. He has avoided this stock because he is not interested in extreme volatility.

COMMENT
COMMENT
September 1, 2017

This company has a problem if its mine is going to be licensed by the Greek government, and it is going through all kinds of hoops. Every other day they appear to lose and gain a little bit. If this doesn’t go through, they are pretty much dead. This is “mad money”, not “investment money”.

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Eldorado Gold (ELD-T)
September 1, 2017

This company has a problem if its mine is going to be licensed by the Greek government, and it is going through all kinds of hoops. Every other day they appear to lose and gain a little bit. If this doesn’t go through, they are pretty much dead. This is “mad money”, not “investment money”.

DON'T BUY
DON'T BUY
August 17, 2017

ELD-T is all international: Greece, China and Turkey. They have had political problems in Greece, and Turkey is not exactly stable. He sold 5 years ago because of the volatility. You are getting way away from gold and it is not portfolio insurance, but execution risk.

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Eldorado Gold (ELD-T)
August 17, 2017

ELD-T is all international: Greece, China and Turkey. They have had political problems in Greece, and Turkey is not exactly stable. He sold 5 years ago because of the volatility. You are getting way away from gold and it is not portfolio insurance, but execution risk.

SELL
SELL
August 4, 2017

Historically, seasonality for gold and gold stocks is very positive right now. However, in this case there have been delays in their big Greek mine. The chart shows this is in a distinct downward trend and is clearly underperforming the market. There is no real reason to own this. (See Top Picks.)

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Eldorado Gold (ELD-T)
August 4, 2017

Historically, seasonality for gold and gold stocks is very positive right now. However, in this case there have been delays in their big Greek mine. The chart shows this is in a distinct downward trend and is clearly underperforming the market. There is no real reason to own this. (See Top Picks.)

COMMENT
COMMENT
April 5, 2017

A very good operating group, but the problem is not being in the right places. If you had this team operating mines in Canada of similar quality, it would be at least double where it is. It probably trades at a 50% discount to its senior peers, because they are in Turkey and Greece. Excellent assets. Very low cost operator. The geopolitical risk weighs heavily on the stock.

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Eldorado Gold (ELD-T)
April 5, 2017

A very good operating group, but the problem is not being in the right places. If you had this team operating mines in Canada of similar quality, it would be at least double where it is. It probably trades at a 50% discount to its senior peers, because they are in Turkey and Greece. Excellent assets. Very low cost operator. The geopolitical risk weighs heavily on the stock.

COMMENT
COMMENT
November 11, 2016

He believes this has been oversold. The market is giving them no credit for Greece. However, the whole Greek situation with this company represents only upside, not downside. It may be that the Greeks someday may actually do the right thing, in which case there would be upside in this company.

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Eldorado Gold (ELD-T)
November 11, 2016

He believes this has been oversold. The market is giving them no credit for Greece. However, the whole Greek situation with this company represents only upside, not downside. It may be that the Greeks someday may actually do the right thing, in which case there would be upside in this company.

SPECULATIVE BUY
SPECULATIVE BUY
September 12, 2016

It is cheap, but has always been plagued with political problems. It is a good company, but has more political risk.

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Eldorado Gold (ELD-T)
September 12, 2016

It is cheap, but has always been plagued with political problems. It is a good company, but has more political risk.

COMMENT
COMMENT
August 10, 2016

Gold miners have a seasonal run between the end of July, all the way to the beginning of October. A better way to play this is through the ETF GDX-N, which is a broad basket of all of them. Eldorado is not performing as well as the broad group of miners. The chart shows a bit of underperformance against the market, and momentum has actually been diverging from price. Chart shows a double top. If we get a break below $5.16, the double top would suggest another $1.50 below that.

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Eldorado Gold (ELD-T)
August 10, 2016

Gold miners have a seasonal run between the end of July, all the way to the beginning of October. A better way to play this is through the ETF GDX-N, which is a broad basket of all of them. Eldorado is not performing as well as the broad group of miners. The chart shows a bit of underperformance against the market, and momentum has actually been diverging from price. Chart shows a double top. If we get a break below $5.16, the double top would suggest another $1.50 below that.

COMMENT
COMMENT
June 15, 2016

(Market Call Minute.) Shored up their balance sheet with the sale of China recently, but the remaining countries are Greece and Turkey, so he would prefer something else where you don’t have to worry about jurisdiction.

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Eldorado Gold (ELD-T)
June 15, 2016

(Market Call Minute.) Shored up their balance sheet with the sale of China recently, but the remaining countries are Greece and Turkey, so he would prefer something else where you don’t have to worry about jurisdiction.

DON'T BUY
DON'T BUY
May 10, 2016

(Market Call Minute.) Where it is in lots of places in the world, it is problematic. With yellow flags on it, he is just going to stay away for the time being.

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(Market Call Minute.) Where it is in lots of places in the world, it is problematic. With yellow flags on it, he is just going to stay away for the time being.

COMMENT
COMMENT
March 30, 2016

As much as he likes gold, this is not a company he would particularly buy, because he does not like the political risks. They have good management. His company has this as a sector perform with a US $3.25 target.

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Eldorado Gold (ELD-T)
March 30, 2016

As much as he likes gold, this is not a company he would particularly buy, because he does not like the political risks. They have good management. His company has this as a sector perform with a US $3.25 target.

DON'T BUY
DON'T BUY
March 16, 2016

A monthly charts shows if there is persistence. Gold broke out of a downtrend this year. ELD-T is in a downtrend, but broke it recently. XGD-T is a basket so you don’t pick the wrong one.

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Eldorado Gold (ELD-T)
March 16, 2016

A monthly charts shows if there is persistence. Gold broke out of a downtrend this year. ELD-T is in a downtrend, but broke it recently. XGD-T is a basket so you don’t pick the wrong one.

COMMENT
COMMENT
March 10, 2016

This gold stock is not looking like a lot of the others. It is struggling to put in a base. If it breaks up through the base of about $5, it has a few levels of resistance. What is going against this is that it is not a nice clean break of a downtrend, like there is in a lot of other gold stocks and gold bullion.

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Eldorado Gold (ELD-T)
March 10, 2016

This gold stock is not looking like a lot of the others. It is struggling to put in a base. If it breaks up through the base of about $5, it has a few levels of resistance. What is going against this is that it is not a nice clean break of a downtrend, like there is in a lot of other gold stocks and gold bullion.

COMMENT
COMMENT
January 22, 2016

Has a very small position in this. They have reached some kind of an agreement with the Greek government, so their project should proceed forward. He prefers North and South America where there are less political risks.

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Eldorado Gold (ELD-T)
January 22, 2016

Has a very small position in this. They have reached some kind of an agreement with the Greek government, so their project should proceed forward. He prefers North and South America where there are less political risks.

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