Eldorado Gold Corporation (EGO) concluded trading on 03/15/23 at a closing price of $9.58, with 2.15 million shares of worth about $20.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 63.48% during that period and on Wednesday the price saw a loss of about -1.54%. Currently the company’s common shares owned by public are about 183.84M shares, out of which, 155.81M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the EGO stock and their offered price forecasts bring an average price target of $10.52. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.83 and could fall to a lowest price of $8.90. The stock’s current price level is 11.3% above of average price target set by the analysts, while a rise to estimated low would result in loss of -7.64% for the stock. However, touching the estimated high of $12.83 would mean a gain of 25.33% for the stock.
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VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Vanguard Selected Value Fund are the top 3 mutual funds which are holding stakes in Eldorado Gold Corporation VanEck Gold Miners ETF is currently holding 9.63 million shares of worth totaling $89.76 million. The company recently came buying 26519.0 shares which brought its stake up to 5.21% of the company’s outstanding shares. VanEck Junior Gold Miners ETF bought 61420.0 shares, after which its hold over company’s outstanding shares expand to 3.50%, leaving 6.46 million shares with the mutual fund that have a worth of about $60.23 million. Vanguard Selected Value Fund, after buying 3.83 million shares, have now control over 2.08% of the stake in the company. It holds 3.83 million shares of worth $35.73 million.
Eldorado Gold Corporation (NYSE: EGO) started trading at $9.85, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 9.93, or with a loss of -1.54%. Stock saw a price change of 3.79% in past 5 days and over the past one month there was a price change of 6.44%. Year-to-date (YTD), EGO shares are showing a performance of 14.59% which decreased to -11.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.06 but also hit the highest price of $12.49 during that period. The average intraday trading volume for Eldorado Gold Corporation shares is 1.80 million. The stock is currently trading 4.72% above its 20-day simple moving average (SMA20), while that difference is up 4.88% for SMA50 and it goes to 31.82% higher than SMA200.
Eldorado Gold Corporation (NYSE: EGO) currently have 183.84M outstanding shares and institutions hold larger chunk of about 75.80% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $1.79B and its 3Y-monthly beta is at 1.24. It has posted earnings per share of -$0.28 in the same period. It has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EGO, volatility over the week remained 4.02% while standing at 4.08% over the month.
Analysts are in expectations that Eldorado Gold Corporation (EGO) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -548.30% while it is estimated to increase by 61.79% in next year. EPS is likely to grow at an annualized rate of -5.46% for next 5-years, compared to annual growth of -41.40% made by the stock over the past 5-years.
Analysts at 12 brokerage firms have issued recommendations for the Eldorado Gold Corporation (EGO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 12 Wall Street analysts, 4 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on March 10, 2023 offering an Underperform rating for the stock and assigned a target price of $8.90 to it. On October 09, 2020, RBC Capital Mkts Upgrade their recommendations, while on March 04, 2020, BofA/Merrill Upgrade their ratings for the stock with a price target of $13. Stock get a Neutral rating from CIBC on February 25, 2020.
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