Eldorado Gold Corporation (EGO) – key numbers that make it a Strong Buy For Now

Eldorado Gold Corporation (NYSE: EGO) is 7.16% higher on its value in year-to-date trading and has touched a low of $4.60 and a high of $14.49 in the current 52-week trading range. The EGO stock was last observed hovering at around $14.22 in the last trading session, with the day’s loss setting it -0.94% off its average median price target of $15.60 for the next 12 months. It is also 34.42% off the consensus price target high of $20.25 offered by 12 analysts, but current levels are -10.67% lower than the price target low of $12.00 for the same period.

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Currently trading at $13.28, the stock is 0.28% and 1.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing -6.58% at the moment leaves the stock 22.15% off its SMA200. EGO registered 84.44% gain for a year compared to 6-month gain of 33.77%. The firm has a 50-day simple moving average (SMA 50) of $12.97 and a 200-day simple moving average (SMA200) of $11.94.

The stock witnessed a 7.56% loss in the last 1 month and extending the period to 3 months gives it a 31.06%, and is 4.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.00% over the week and 4.10% over the month.

Eldorado Gold Corporation (EGO) has around 2756 employees, a market worth around $2.54B and $940.00M in sales. Current P/E ratio is 14.26 and Fwd P/E is 14.48. Profit margin for the company is 18.40%. Distance from 52-week low is 188.80% and -8.32% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).

Eldorado Gold Corporation (EGO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Eldorado Gold Corporation (EGO) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 3.00, where 4 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Eldorado Gold Corporation is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $95.56M over the same period.The EPS is expected to grow by 121.90% this year, but quarterly earnings will post -8.90% year-over-year. Quarterly sales are estimated to shrink -16.70% in year-over-year returns.

Eldorado Gold Corporation (EGO) Top Institutional Holders

243 institutions hold shares in Eldorado Gold Corporation (EGO), with 284k shares held by insiders accounting for 0.16% while institutional investors hold 63.63% of the company’s shares. The shares outstanding are 173.82M, and float is at 173.68M with Short Float at 2.15%. Institutions hold 63.52% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 19.15 million shares valued at $202.03 million. The investor’s holdings represent 10.96% of the EGO Shares outstanding. As of Sep 29, 2020, the second largest holder is Renaissance Technologies, LLC with 7.28 million shares valued at $76.76 million to account for 4.16% of the shares outstanding. The other top investors are Lansdowne Partners (UK) LLP which holds 5.89 million shares representing 3.37% and valued at over $62.1 million, while Connor Clark & Lunn Investment Management Ltd holds 3.19% of the shares totaling 5.58 million with a market value of $58.89 million.

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