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Eldorado Gold Corp. (NYSE:EGO) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Eldorado Gold Corp. (NYSE:EGO) seasonal charts above shows that a Buy Date of May 18 and a Sell Date of August 31 has resulted in a geometric average return of 8.72% above the benchmark rate of the S&P 500 Total Return Index over the past 16 years. This seasonal timeframe has shown positive results compared to the benchmark in 11 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 16 years by an average of 20.9% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

Eldorado Gold is a midtier gold producer with mines in Turkey, Greece, and Brazil that produced 349,147 ounces of gold at total cash cost of $650 per ounce in 2018. Eldorado has roughly 17 million ounces of proven and probable reserves and is based in Vancouver, British Columbia.

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