3 Beaten-Up Gold Stocks: Are Any of Them Bargains?
Many gold stocks have been picking up steam, what with gold prices having delivered more than 15% gains so far this year. Not all in the space have kept pace with the yellow metal's rally though, and notable names like Eldorado Gold (NYSE: EGO), McEwen Mining (NYSE: MUX), and Harmony Gold (NYSE: HMY) are lagging the metal by huge margins.
Investors are now wondering whether these beaten-down gold stocks are best avoided, or if the time is ripe to scoop up their shares before they surge and catch up with the precious metal. To answer that question, you have to dig deeper into what's brewing inside each of these three gold miners. And if you do, you'll realize why two are best avoided, but one may be a bargain buy today.
2017 is pouring bad news for Eldorado Gold from all sides. Shares of the Canadian miner started losing ground rapidly after May when it announced plans to acquireIntegra Gold.
Source: Fool.com
Eldorado Gold Corp. Stock
With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 16 € there is a slightly positive potential of 11.93% for Eldorado Gold Corp. compared to the current price of 14.3 €.
