On Tuesday, Eldorado Gold stock got an upgrade to its Relative Strength (RS) Rating, from 69 to 75.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or better RS Rating as they launch their largest climbs. See if Eldorado Gold stock can continue to rebound and hit that benchmark.
Is Eldorado Gold Stock A Buy?
Eldorado Gold stock is building a flat base with a 21.79 buy point. See if the precious metal stock can clear the breakout price in heavy volume.
The Canadian gold mining and exploration company showed 4% EPS growth in its most recent report. Revenue rose 38%. The company is expected to report its latest performance numbers on or around Jul. 31.
Eldorado Gold stock holds the No. 25 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, AngloGold Ashanti and Caledonia Mining are among the top 5 highly rated stocks within the group.
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