Eldorado Gold Corporation [NYSE: EGO] stock went on a downward path that fall over -4.32% on Tuesday, amounting to a one-week price decrease of less than -3.05%. The company report on December 2, 2020 that Eldorado Gold Releases Updated Reserve and Resource Statement.
Eldorado Gold Corporation (“Eldorado” or “the Company”) releases its updated Reserve and Resource estimates as of September 30, 2020.
Over the last 12 months, EGO stock rose by 66.35%. The average equity rating for EGO stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.25 billion, with 173.82 million shares outstanding and 173.47 million shares in the current float. Compared to the average trading volume of 2.47M shares, EGO stock reached a trading volume of 1863238 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Eldorado Gold Corporation [EGO]:
RBC Capital Mkts have made an estimate for Eldorado Gold Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on October 09, 2020. The new note on the price target was released on March 04, 2020, representing the official price target for Eldorado Gold Corporation stock. On January 16, 2020, analysts decreased their price target for EGO shares from 9 to 7.50.
The Average True Range (ATR) for Eldorado Gold Corporation is set at 0.58, with the Price to Sales ratio for EGO stock in the period of the last 12 months amounting to 2.39. The Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 2.79. Price to Free Cash Flow for EGO in the course of the last twelve months was 11.93 with Quick ratio for the last quarter at 1.40.
EGO Stock Performance Analysis:
Eldorado Gold Corporation [EGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.05. With this latest performance, EGO shares dropped by -3.12% in over the last four-week period, additionally plugging by 37.43% over the last 6 months – not to mention a rise of 66.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EGO stock in for the last two-week period is set at 45.39, with the RSI for the last a single of trading hit 42.41, and the three-weeks RSI is set at 47.38 for Eldorado Gold Corporation [EGO]. The present Moving Average for the last 50 days of trading for this stock 13.00, while it was recorded at 12.86 for the last single week of trading, and 10.50 for the last 200 days.
Insight into Eldorado Gold Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Eldorado Gold Corporation [EGO] shares currently have an operating margin of +8.31 and a Gross Margin at +14.81. Eldorado Gold Corporation’s Net Margin is presently recorded at +11.19.
Return on Total Capital for EGO is now 1.29, given the latest momentum, and Return on Invested Capital for the company is 1.78. Return on Equity for this stock inclined to 2.05, with Return on Assets sitting at 1.48. When it comes to the capital structure of this company, Eldorado Gold Corporation [EGO] has a Total Debt to Total Equity ratio set at 14.78. Additionally, EGO Total Debt to Total Capital is recorded at 12.88, with Total Debt to Total Assets ending up at 10.86. Long-Term Debt to Equity for the company is recorded at 12.54, with the Long-Term Debt to Total Capital now at 10.93.
Receivables Turnover for the company is 9.53 with a Total Asset Turnover recorded at a value of 0.13.Eldorado Gold Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.80.
EGO Stock EPS
With the latest financial reports released by the company, Eldorado Gold Corporation posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EGO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eldorado Gold Corporation go to 5.00%.
Eldorado Gold Corporation [EGO] Insider Position Details
There are presently around $1,136 million, or 75.80% of EGO stock, in the hands of institutional investors. The top three institutional holders of EGO stocks are: VAN ECK ASSOCIATES CORP with ownership of 19,149,446, which is approximately 10.793% of the company’s market cap and around 0.80% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 7,275,380 shares of the stock with an approximate value of $90.29 million in EGO stocks shares; and LANSDOWNE PARTNERS (UK) LLP, currently with $73.04 million in EGO stock with ownership of nearly 32.664% of the company’s market capitalization.
Positions in Eldorado Gold Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 76 institutional holders increased their position in Eldorado Gold Corporation [NYSE:EGO] by around 10,962,602 shares. Additionally, 58 investors decreased positions by around 13,569,615 shares, while 15 investors held positions by with 67,041,554 shares. The mentioned changes placed institutional holdings at 91,573,771 shares, according to the latest SEC report filing. EGO stock had 22 new institutional investments in for a total of 1,844,426 shares, while 21 institutional investors sold positions of 1,167,879 shares during the same period.