Eldorado Gold Corp. (NYSE: EGO) is 38.94% higher on its value in year-to-date trading and has touched a low of $8.30 and a high of $17.73 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 $17.68 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $18.02, the stock is 9.04% and 13.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 1.92% at the moment leaves the stock 30.63% off its SMA200. EGO registered 105.71% gain for a year compared to 6-month gain of 64.72%.
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The stock witnessed a 9.61% loss in the last 1 month and extending the period to 3 months gives it a 11.30%, and is 6.50% 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 3.29% over the week and 3.57% over the month.
Eldorado Gold Corp. (EGO) has around 4869 employees, a market worth around $3.69B and $1.10B in sales. Current P/E ratio is 21.55 and Fwd P/E is 12.21. Profit margin for the company is 15.45%. Distance from 52-week low is 117.11% and 1.66% from its 52-week high. The company has generated returns on investments over the last 12 months (3.85%).
The EPS is expected to grow by 135.09% this year.
Eldorado Gold Corp. (EGO) Top Institutional Holders
The shares outstanding are 203.14M, and float is at 202.99M with Short Float at 2.67%.
The top institutional shareholder in the company is HELIKON INVESTMENTS LTD with over 27.68 million shares valued at $$389.39 million. The investor’s holdings represent 13.653 of the EGO Shares outstanding. As of 2024-03-31, the second largest holder is VAN ECK ASSOCIATES CORP with 22.53 million shares valued at $$316.95 million to account for 11.113 of the shares outstanding. The other top investors are DONALD SMITH & CO., INC. which holds 13.95 million shares representing 6.8813 and valued at over $$196.26 million, while BLACKROCK INC. holds 4.9195 of the shares totaling 9.97 million with a market value of $$140.31 million.
