1.0 Exit Case: Eldorado Gold Corporation 

Overview:

Eldorado Gold Corporation (TSX: ELD) is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.

ELD has been a part of the ‘Value Portfolio’ since 15^th May 2025, however, considering the recent rally in share price, and ~15.52% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 28.88, (as on 16 June 2025).

1.1 Support and Resistance Summary as provided in our last published report dated 15^th May 2025.

1.2 Eldorado Gold Corporation (TSX: ELD)

2.0 New Entry Case: Algoma Steel Group Inc. (TSX: ASTL)

Overview:  

Algoma Steel Group Inc. (TSX: ASTL) is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.

Technical Analysis: On the daily chart, ASTL prices are trading on the positive note, above its support level. The 14-period Relative Strength Index (RSI) stands at approximately 64.86, reflecting a positive buying momentum. The key support for stock is at CAD 7.65, while the critical resistance level is at CAD 10.65.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Value Portfolio’ at the closing market price of CAD 8.89, as on (as on 16 June 2025). 

Algoma Steel Group Inc. (TSX: ASTL) has been identified as the new entry to our Value Portfolio.

2.1 Support and Resistance Summary (as on 16 June 2025)

2.2 Algoma Steel Group Inc. (TSX: ASTL)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (16 June 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.