EldoradoGold, silver, zinc, copper, and other metals are used in the production of solar cells, batteries, turbines, and other clean energy systems. Eldorado Gold Corp (NYSE: EGO) is a compelling bargain option for investors today, with positive movement that indicates the stock is still following a bullish path.

Gold stocks are outpacing the market in 2019. Gold is in high demand, thanks to its extensive use in tech and energy industries. It’s is one of the most efficient insulative and conductive metals, meaning it has widespread applications worldwide. Eldorado doesn’t just engage in the gold market. It also invests in silver, lead, zinc, copper, and iron exploration. Its key projects and properties are in Turkey, Greece, and China.

Finding bargain energy stocks today can be difficult. The most successful clean energy companies have seen unprecedented stock price growth, leaving some investors priced out of their comfort zones. A mining stock like Eldorado allows for a low cost investment that still runs parallel to the clean energy industry, as well as the hi-tech and battery industries.

Eldorado generated strong revenue performance last year, increasing sales by 16.97%, and turning around four years of fiscal decline. The average consensus target of $9.32 suggests that there’s a strong upside on this stock for patient investors.

Key Data:

  • 1 Year Price Growth: 57%
  • YTD Price Growth: 83%
  • 3 Month Price Growth: 32%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.