Currently, Eldorado Gold Corp. [EGO] is trading at $12.21, down -0.73%. 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 12.74% over the last week, with a monthly amount drifted -0.97%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, Eldorado Announces 2024 Detailed Production & Cost Guidance; Provides Four-Year Growth Profile. In a post published today on Yahoo Finance, Eldorado Gold Corporation (“Eldorado” or the “Company”) provides detailed 2024 production and cost guidance and four-year production outlook. All financial figures stated within this release are in U.S. dollars unless otherwise stated.
From an analyst’s perspective:
Eldorado Gold Corp. [NYSE: EGO] stock has seen the most recent analyst activity on October 11, 2023, when Stifel upgraded its rating to a Buy. On April 20, 2023, downgrade downgraded it’s rating to Hold. Canaccord Genuity upgraded its rating to a Buy. RBC Capital Mkts upgraded its rating to Sector Perform for this stock on October 09, 2020, and upped its price target to $12. In a note dated March 04, 2020, BofA/Merrill upgraded an Buy rating on this stock but restated the target price of $13.
This stock has fluctuated between a low of $8.30 and a high of $13.71 over the last 52 weeks. Eldorado Gold Corp. [NYSE: EGO] shares were valued at $12.21 at the most recent close of the market.
Analyzing the EGO fundamentals
Trailing Twelve Months sales for Eldorado Gold Corp. [NYSE:EGO] were 1.01B which represents 28.01% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 12.12 points at the first support level, and at 12.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.38, and for the 2nd resistance point, it is at 12.54.
Eldorado Gold Corp. [EGO] reported earnings per share of $0.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.07 and a surprise factor of 41.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.17 per share as compared to estimates of $0.06 per share, a difference of $0.11 representing a surprise of 183.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Eldorado Gold Corp. [NYSE:EGO] is 3.39. Also, the Quick Ratio is 2.53, while the Cash Ratio stands at 1.97. Considering the valuation of this stock, the price to sales ratio is 2.45, the price to book ratio is 0.71 and price to earnings (TTM) ratio is 23.75.
