Eldorado Gold Corporation (NYSE: EGO) is 19.02% higher on its value in year-to-date trading and has touched a low of $5.06 and a high of $12.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EGO stock was last observed hovering at around $10.14 in the last trading session, with the day’s loss setting it -0.19% off its average median price target of $12.36 for the next 12 months. It is also 40.02% off the consensus price target high of $16.59 offered by 12 analysts, but current levels are -5.85% lower than the price target low of $9.40 for the same period.
Currently trading at $9.95, the stock is -10.86% and -7.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -1.87% at the moment leaves the stock 20.08% off its SMA200. EGO registered 17.20% gain for a year compared to 6-month gain of 30.07%. The firm has a 50-day simple moving average (SMA 50) of $2.56 and a 200-day simple moving average (SMA200) of $7.72.
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The stock witnessed a -4.88% loss in the last 1 month and extending the period to 3 months gives it a 11.80%, and is -5.15% down 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 2.63% over the week and 3.39% over the month.
Eldorado Gold Corporation (EGO) has around 2937 employees, a market worth around $1.85B and $906.70M in sales. Current P/E ratio is 6.33 and Fwd P/E is 18.43. Profit margin for the company is -1.70%. Distance from 52-week low is 96.64% and -17.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.50%).
Eldorado Gold Corporation (EGO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Eldorado Gold Corporation (EGO) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.70, where 6 rate it as a Hold and 1 think it is a “Overweight”. 3 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 07/27/2023.The EPS is expected to shrink by -548.30% this year
Eldorado Gold Corporation (EGO) Top Institutional Holders
The shares outstanding are 184.02M, and float is at 156.90M with Short Float at 2.85%.