Eldorado Gold Corp [NYSE: EGO] stock went on an upward path that rose over 5.72% on Thursday, amounting to a one-week price increase of more than 12.84%.
Over the last 12 months, EGO stock rose by 107.46%. The one-year Eldorado Gold Corp stock forecast points to a potential upside of 4.34. The average equity rating for EGO stock is currently 2.09, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.27 billion, with 203.55 million shares outstanding and 202.20 million shares in the current float. Compared to the average trading volume of 2.00M shares, EGO stock reached a trading volume of 4207953 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Eldorado Gold Corp [EGO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EGO shares is $32.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EGO stock is a recommendation set at 2.09. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Eldorado Gold Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 29, 2024. The new note on the price target was released on October 11, 2023, representing the official price target for Eldorado Gold Corp stock.
The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 5.31.
EGO Stock Performance Analysis:
Eldorado Gold Corp [EGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.84. With this latest performance, EGO shares gained by 14.17% in over the last four-week period, additionally plugging by 53.79% over the last 6 months – not to mention a rise of 107.46% 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 66.88, with the RSI for the last a single of trading hit 1.15, and the three-weeks RSI is set at 1.00 for Eldorado Gold Corp [EGO]. The present Moving Average for the last 50 days of trading for this stock 26.32, while it was recorded at 28.94 for the last single week of trading, and 19.96 for the last 200 days.
Insight into Eldorado Gold Corp Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Eldorado Gold Corp [EGO] shares currently have an operating margin of 37.27% and a Gross Margin at 40.36%. Eldorado Gold Corp’s Net Margin is presently recorded at 26.01%.
Eldorado Gold Corp (EGO) Capital Structure & Debt Analysis
According to recent financial data for Eldorado Gold Corp. ( EGO), the Return on Equity (ROE) stands at 10.82%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 7.26%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Eldorado Gold Corp’s Return on Invested Capital (ROIC) is 7.80%, showcasing its effectiveness in deploying capital for earnings.
Eldorado Gold Corp (EGO) Efficiency & Liquidity Metrics
Based on Eldorado Gold Corp’s (EGO) latest financial statements, the Debt-to-Equity Ratio is 0.29%, indicating its reliance on debt financing relative to shareholder equity.
Eldorado Gold Corp (EGO) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Eldorado Gold Corp. (EGO) effectively leverages its workforce, generating an average of $69756.97 per employee. The company’s liquidity position is robust, with a Current Ratio of 3.11% and a Quick Ratio of 2.53%, indicating strong ability to cover short-term liabilities.
EGO Stock EPS
With the latest financial reports released by the company, Eldorado Gold Corp posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 Corp go to 37.61%.
Eldorado Gold Corp [EGO] Institutonal Ownership Details
There are presently around $80.45%, or 80.73%% of EGO stock, in the hands of institutional investors. The top three institutional holders of EGO stocks are: HELIKON INVESTMENTS LTD with ownership of 23.84 million shares, which is approximately 11.6803%. VAN ECK ASSOCIATES CORP, holding 18.67 million shares of the stock with an approximate value of $$276.19 million in EGO stocks shares; and VAN ECK ASSOCIATES CORP, currently with $$180.16 million in EGO stock with ownership which is approximately 5.9689%.
