Eldorado Gold Corp [EGO] stock prices are up 3.24% to $21.68 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EGO shares have gain 6.17% over the last week, with a monthly amount glided 4.38%, 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.
The stock price of Eldorado Gold Corp [EGO] has been fluctuating between $13.29 and $21.82 over the past year. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Eldorado Gold Corp [NYSE: EGO] shares were valued at $21.68 at the most recent close of the market. An investor can expect a potential drop of -12.36% based on the average EGO price forecast.
Analyzing the EGO fundamentals
The Eldorado Gold Corp [NYSE:EGO] reported sales of 1.58B for trailing twelve months, representing a surge of 52.45%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.1 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It’s worth pointing out that Eldorado Gold Corp [NYSE:EGO]’s Current Ratio is 3.11. On the other hand, the Quick Ratio is 2.53, and the Cash Ratio is 2.15. Considering the valuation of this stock, the price to sales ratio is 2.79, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 10.89.
