Eldorado Gold Corporation (NYSE:EGO) trading with an addition of $0.04 to $9.55 on Thursday, an upside of 0.42 percent. An average of 1,926,742 shares of common stock have been traded in the last five days. There was a gain of $1.22 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,952,890 shares traded, while the 50-day average volume stands at 1,690,260.
EGO stock has increased by 12.28% in the last month. The company shares reached their 1-month lowest point of $7.45 on 09/29/21. With the stock rallying to its 52-week high on 01/05/21, shares of the company touched a low of $7.45 and a high of $14.49 in 52 weeks. It has reached a new high 2 times so far this year and lost -28.33% or -$3.70 in price. In spite of this, the price is down -34.09% from the 52-week high.
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Eldorado Gold Corporation (EGO) has a trailing price-to-earnings (P/E) ratio of 81.28, which compares with the 20.90 for the broader industry and 13.90 for the sector. In the last five years, Eldorado Gold Corporation’s PE ratio has ranged between 264.00 and 9.492. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.68, the price-to-book (PB) ratio at 0.47, and the price-to-cash flow ratio at 11.44.
The company’s most recent quarterly dividend payment was $0.0153 a share, representing a up of 34.64 from $0.01 last year.
The quick ratio of Eldorado Gold Corporation for the three months ended June 29 was 2.10, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.12 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 32.10% against a 5-year average of 28.4%. Eldorado Gold Corporation’s EBITDA margin for the year ending June 29 is 50.11%, while its operating margin for the same period stands at 12.20%. Its gross profit as reported stood at $581.5 million compared to revenue of $1.03 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Eldorado Gold Corporation’s return on assets was 0.40%, compared to -2.1% over the last five years. In the past year, the return on investment has been 3.70%, and the 5-year average is -2.3%. Meanwhile, the return on equity (ROE) for the past 12 months has been 0.60% and the 5-year average holds at -3.0%. For the broader industry, ROE averaged -13.62 over the past year.
For the three-month period that ended June 29, Eldorado Gold Corporation had $4.26 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $80.59 million in the quarter, while revenues were grew 549.04%. The analyst consensus anticipated Eldorado Gold Corporation’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.16, a 23.10% surprise. For the quarter, EBITDA amounted to $94.82 million.
From a technical analysis perspective, let’s take a brief look at Eldorado Gold Corporation (EGO) price momentum. RSI 9-day as of the close on 13 October was 83.35%, suggesting the stock is Overbought, with historical volatility in this time frame at 36.25%.
As of today, EGO’s price is $8.93 +14.67% or $1.22 from its 5-day moving average. EGO is currently trading +17.34% higher than its 20-day SMA and -19.47% lower than its 100-day SMA. However, the stock’s current price level is +2.96% above the SMA50 and -26.85% below the SMA200.
The stochastic %K and %D were 97.57% and 92.16%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 97.47% and the average true range at 0.35, the RSI (14) stands at 73.40%. The stock has reached 0.69 on the 9-day MACD Oscillator while the 14-day reading was at 0.98.
RBC Capital Mkts upgraded Eldorado Gold Corporation (NYSE: EGO) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as a an Underperform.The consensus rating for Eldorado Gold Corporation (EGO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell EGO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is EGO’s price target for the next 12 months?
Analysts predict a range of price targets between $8.75 and $20.50, with a median target of $14.72. Taking a look at these predictions, the average price target given by analysts for Eldorado Gold Corporation (EGO) stock is $14.29.