A share price of Eldorado Gold Corp [EGO] is currently trading at $15.60, up 1.50%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EGO shares have gain 2.16% over the last week, with a monthly amount drifted -9.51%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Eldorado Gold Corp [NYSE: EGO] stock has seen the most recent analyst activity on May 29, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $20 from $14. Previously, Stifel upgraded its rating to Buy on October 11, 2023. Stifel downgraded its rating to a Hold. Canaccord Genuity upgraded its rating to Buy for this stock on July 20, 2022. In a note dated October 09, 2020, RBC Capital Mkts upgraded an Sector Perform rating on this stock and boosted its target price from $11 to $12.
Eldorado Gold Corp experienced fluctuations in its stock price throughout the past year between $9.72 and $19.06. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Eldorado Gold Corp [NYSE: EGO] shares were valued at $15.60 at the most recent close of the market. An investor can expect a potential return of 41.03% based on the average EGO price forecast.
Analyzing the EGO fundamentals
Trailing Twelve Months sales for Eldorado Gold Corp [NYSE:EGO] were 1.19B which represents 35.13% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
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 15.29 points at the first support level, and at 14.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.86, and for the 2nd resistance point, it is at 16.13.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Eldorado Gold Corp [NYSE:EGO] is 3.20. Further, the Quick Ratio stands at 2.37, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 2.68, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 11.67.
