Best Canadian Companies To Buy Right Now

Best Canadian Companies To Buy Right Now: Eldorado Gold Corp(EGO)

Eldorado Gold Corporation, together with its subsidiaries, engages in the discovery, exploration, development, production, and reclamation of gold properties in Brazil, the People?s Republic of China, Greece, and Turkey. It operates the Kisladag gold mine in Turkey; the Jinfeng, Tanjianshan, and White Mountain gold mines in the People?s Republic of China; and the Vila Nova iron ore mine in Brazil. The company?s development projects include the Efemcukuru gold mine in Turkey, the Eastern Dragon gold mine in the People?s Republic of China, the Perama Hill gold project in Greece, and the Tocantinzinho gold project in Brazil. As of December 31, 2010, Eldorado Gold Corporation had 18.7 million ounces of proven and probable gold reserves. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada.

Advisors' Opinion:

• [By Ben Levisohn]

  On an adjusted basis, Eldorado Gold (EGO) has the longest reserve/resource life amongst our coverage companies (39 years) with Goldcorp (GG) having the longest reserve/resource life (23 years) amongst the senior producers versus the group average of 22 years. Kinross Gold (KGC) and Iamgold (IAG) have the shortest adjusted reserve/resource lives amongst the senior and mid-tier producers (18 and 14 years respectively). On a percentage basis, the companies most affected by the adjustment are New Gold (NGD) and Iamgold which both saw reserve/resource lives fall by 47% however, we note that despite the adjustment,New Gold still has the second longest reserve/resource life in our group (37 years). Newmont Mining was the least affected by the adjustments with reserve/resource life declining by only 12% to 22 years from 25 years.

• [By alicet236]

  Eldorado Gold Corp. (EGO) Reached the Five-Year Low of $5! .66

  The prices of Eldorado Gold Corp. (EGO) shares have declined to close to the five-year low of $5.66, which is 75.4% off the five-year high of $22.12. Eldorado Gold Corp. is owned by six Gurus we are tracking. Among them, five have added to their positions during the past quarter. Two reduced their positions. Eldorado Gold Corp. is a gold exploration, development, mining and production company. Eldorado Gold Corp. has a market cap of $4.04 billion; its shares were traded at around $5.66 with a P/E ratio of 42.60 and P/S ratio of 6.65. The dividend yield of Eldorado Gold Corp. stocks is 2.09%. Eldorado Gold Corp. had an annual average earnings growth of 15.50% over the past five years.

• [By Ben Levisohn]

  Gold and gold miners are generally thought to do best when the market is worried about inflation. Yet the recent rally in gold miners like Goldcorp (GG), Eldorado Gold (EGO) and Randgold Resources (GOLD) has come despite an increase in worries about deflation.

• [By Itinerant]

  Goldcorp, Newmont (NEM) or Agnico-Eagle use similar definitions. The important element here is the so-called 'sustaining capital expenditure', which is the capital required to sustain existing production levels. The table below is taken from the Agnico-Eagle presentation referenced above and provides a comparison of company-wide AISC for some of the major gold miners, including Goldcorp, Barrick Gold, Newmont Mining, Yamana Gold (AUY), Randgold (GOLD), Kinross (KGC), Agnico-Eagle Mines, Eldorado Gold (EGO), Goldfields and Centerra (CAGDF.PK). The difference between cash costs and AISC is significant. It is also important to note that these AISC are still noticeably below the present spot price for gold.

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/best-canadian-companies-to-buy-right-now-4.html