Eldorado Gold Corporation (NYSE:EGO) finished Thursday with a subtraction of -$0.01 to close at $9.07, a downside of -0.06 percent. An average of 759,075 shares of common stock have been traded in the last five days. There was a fall of -$0.18 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 1,200,829 shares traded, while the 50-day average volume stands at 1,265,809.
EGO stock has decreased by -18.10% in the last month. The company shares reached their 1-month lowest point of $8.95 on 08/11/23. With the stock rallying to its 52-week high on 05/05/23, shares of the company touched a low of $5.06 and a high of $12.11 in 52 weeks. It has reached a new high 25 times so far this year and achieved 8.55% or $0.70 in price. In spite of this, the price is down -25.06% from the 52-week high.
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Valuation Metrics
Eldorado Gold Corporation (EGO) has a trailing price-to-earnings (P/E) ratio of 5.35. The stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.92, the price-to-book (PB) ratio at 0.50.
Financial Health
The quick ratio of Eldorado Gold Corporation for the three months ended June 29 was 2.70, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 0.16 for the quarter ending June 29. Eldorado Gold Corporation’s EBITDA margin for the year ending June 29 is 35.15%, while its operating margin for the same period stands at 49.60%. Its gross profit as reported stood at $412.4 million compared to revenue of $871.98 million.
Earnings Surprise
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 $0.08 per share, but it turned out to be $0.09, a 12.50% surprise. For the quarter, EBITDA amounted to $106.54 million.
Technical Picture
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 10 August was 21.23%, suggesting the stock is oversold, with historical volatility in this time frame at 13.67%.
As of today, EGO’s price is $9.12 -1.89% or -$0.18 from its 5-day moving average. EGO is currently trading -18.26% lower than its 20-day SMA and -9.71% lower than its 100-day SMA. However, the stock’s current price level is -3.87% below the SMA50 and +53.38% above the SMA200.
The stochastic %K and %D were 4.57% and 4.92%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 5.45% and the average true range at 0.30, the RSI (14) stands at 29.11%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.53.
Analyst Ratings
The consensus rating for Eldorado Gold Corporation (EGO) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell EGO, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 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 $9.00 and $16.50, with a median target of $12.22. Taking a look at these predictions, the average price target given by analysts for Eldorado Gold Corporation (EGO) stock is $12.34.
