Eldorado Gold Corporation (EGO) is expected to grow earnings and revenues in the years ahead

Eldorado Gold Corporation [EGO] stock prices are down -3.25% to $8.04 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EGO shares have gain 11.67% over the last week, with a monthly amount glided 45.92%, and seem to be holding up well over a long-time horizon.

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On 5, December 2022, Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2022 Gold Reserves of 12.3 million ounces and M&I Gold Resources of 19.2 million ounces. In a post published today on Yahoo Finance, Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Mineral Reserve and Mineral Resource (“MRMR”) estimates as of September 30, 2022.

From an analyst’s perspective:

Eldorado Gold Corporation [NYSE: EGO] stock has seen the most recent analyst activity on July 20, 2022, when Canaccord Genuity upgraded its rating to a Buy. Previously, RBC Capital Mkts upgraded its rating to Sector Perform on October 09, 2020, and elevated its price target to $12. On March 04, 2020, upgrade upgraded it’s rating to Buy but maintained its price target of $13 on the stock. CIBC downgraded its rating to a Neutral. Credit Suisse downgraded its rating to a Underperform and reduced its price target to $7.50 on January 16, 2020. In a note dated September 12, 2019, National Bank Financial upgraded an Outperform rating on this stock.

The stock price of Eldorado Gold Corporation [EGO] has been fluctuating between $5.06 and $12.49 over the past year. Currently, Wall Street analysts expect the stock to reach $9.48 within the next 12 months. Eldorado Gold Corporation [NYSE: EGO] shares were valued at $8.04 at the most recent close of the market. An investor can expect a potential return of 17.91% based on the average EGO price forecast.

Analyzing the EGO fundamentals

The most recent quarter, Eldorado Gold Corporation [NYSE:EGO] reported sales of 284.34 billion, representing a drop of -8.70%. Gross Margin for this corporation currently stands at +27.10% with Operating Margin at +22.33%, Pretax Margin comes in at +16.01%, and Net Margin reading is +1.14%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.91 points at the first support level, and at 7.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.24, and for the 2nd resistance point, it is at 8.44.

Eldorado Gold Corporation [EGO] reported earnings per share of -$0.04 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of -$0.16 and a surprise factor of -133.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.08 per share as compared to estimates of $0.11 per share, a difference of -$0.03 representing a surprise of -27.30%.

Ratios To Look Out For

It’s worth pointing out that Eldorado Gold Corporation [NYSE:EGO]’s Current Ratio is 3.60. Also, the Quick Ratio is 2.66, while the Cash Ratio stands at 2.33. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 0.48.