Eldorado is a gold and base metal miner with operations in Canada, Turkey and Greece.
The stock has the strongest EPS growth forecast on this list, but historical earnings have been erratic, oscillating between losing years and profitable years. Sales have seen overall growth in the last five years but can also be erratic.
The stock has a “B” financial health rating from Morningstar, which indicates a strong financial position. The current solvency ratio of 38% means that the company has significant cash flow to cover liabilities. Over 20% is generally considered safe.
Where the stock excels is in its price performance. It has returned 283.9% over the last five years and 45.7% over the last year. For comparison, the SPDR Gold Shares (GLD) returned 56.0% and 10.9% over those same periods.
The strong price performance is important because when the price of gold is rising like in 2023, gold investments should also rise. The strong demand for the stock could be due to a 920.0% EPS growth estimate for this year and 9.8% for next year.