At the time of writing, Eldorado Gold Corp [EGO] stock is trading at $14.35, down -0.83%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EGO shares have gain 5.83% over the last week, with a monthly amount glided 2.43%, and 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.
For the past year, the stock price of Eldorado Gold Corp fluctuated between $11.98 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 $14.35 at the most recent close of the market. An investor can expect a potential return of 53.31% based on the average EGO price forecast.
Analyzing the EGO fundamentals
According to Eldorado Gold Corp [NYSE:EGO], the company’s sales were 1.32B for trailing twelve months, which represents an 43.20% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 14.13 points at the first support level, and at 13.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.51, and for the 2nd resistance point, it is at 14.66.
Ratios To Look Out For
It is important to note that Eldorado Gold Corp [NYSE:EGO] has a current ratio of 3.45. As well, the Quick Ratio is 2.77, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 0.75 and price to earnings (TTM) ratio is 10.19.
