Eldorado Gold Corporation (NYSE:EGO) saw an upside of 3.45% to close Tuesday at $8.70 after adding $0.29 on the day. The 5-day average trading volume is 1,669,920 shares of the company’s common stock. It has gained $8.71 in the past week. An average of 1,852,575 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,647,774.
EGO’s 1-month performance is 2.23% or $0.44 on its low of $7.45 reached on 09/29/21. The company’s shares have touched a 52-week low of $7.45 and high of $14.49, with the stock’s rally to the 52-week high happening on 01/05/21. YTD, EGO has lost -34.44% or -$4.57. However, the current price is down -39.96%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 264.00 and a low of 9.492. EGO stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 0.43, with the price to cash flow ratio at 10.46.
Eldorado Gold Corporation’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.90 meaning that EGO stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.12. In terms of profitability, the gross margin trailing 12 months is 32.10%. The trailing 12-month EBITDA margin is 50.11% while for the period ending June 29; Eldorado Gold Corporation’s operating margin was 12.20%. The firm’s gross profit as reported stood at $581.5 million against revenue of $1.03 billion.
For the quarterly period ending June 29 this year, Eldorado Gold Corporation’s cash and short-term investments amounted to $4.26 million against total debt of $449.84 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EGO to announce $0.13 per share in earnings in its latest quarter, but it posted $0.16, representing a 23.10% surprise. EBITDA for the quarter stood at more than $94.82 million. EGO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.12 billion, with total debt at $449.84 million
Let’s look briefly at Eldorado Gold Corporation (EGO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 70.65% to suggest the stock is trending Overbought, with historical volatility in this time period at 14.63%.
The stock’s 5-day moving average is $8.43, reflecting a +8.75% or $0.70 change from its current price. EGO is currently trading +2.72% above its 20-day SMA, -26.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.05% and -34.54% respectively.
Stochastic %K and %D was 87.18% and 82.41% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 61.17%, while the 14-day stochastic is at 99.20% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at 0.34 and 0.48 on the 14-day charts.
In the most recent analyst report for Eldorado Gold Corporation (NYSE: EGO), RBC Capital Mkts upgraded it to a Sector perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for EGO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate EGO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is EGO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.75 and a high of $20.50, with their median price target at $14.86. Looking at these predictions, the average price target given by analysts is for Eldorado Gold Corporation (EGO) stock is $14.27.