The IBD SmartSelect Composite Rating for Eldorado Gold rose from 94 to 98 Friday.
The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria.
Eldorado Gold is not currently near a proper buy zone. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
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The stock sports a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 158% earnings-per-share growth. Sales growth climbed 42%, up from 36% in the prior quarter. The company has now posted accelerating growth in each of the last three reports.
Eldorado Gold holds the No. 20 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold, AngloGold Ashanti and DRDGOLD ADR are among the top 5 highly-rated stocks within the group.
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