Eldorado Gold Corp (NYSE: EGO) is 18.43% higher on its value in year-to-date trading and has touched a low of $9.72 and a high of $19.06 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 $15.37 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $15.36, the stock is -10.40% and -10.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing -0.07% at the moment leaves the stock -0.19% off its SMA200. EGO registered 49.27% gain for a year compared to 6-month gain of 2.40%. The firm has a 50-day simple moving average (SMA 50) of $17.2532 and a 200-day simple moving average (SMA200) of $15.38975.
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The stock witnessed a -14.14% loss in the last 1 month and extending the period to 3 months gives it a -11.47%, and is -5.19% 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 3.81% over the week and 3.65% over the month.
Eldorado Gold Corp (EGO) has around 4869 employees, a market worth around $4.39B and $1.19B in sales. Current P/E ratio is 11.49 and Fwd P/E is 8.76. Profit margin for the company is 22.98%. Distance from 52-week low is 58.02% and -19.41% from its 52-week high. The company has generated returns on investments over the last 12 months (5.91%).
The EPS is expected to grow by 148.47% this year
314.0 institutions hold shares in Eldorado Gold Corp (EGO), with institutional investors hold 88.57% of the company’s shares. The shares outstanding are 204.91M, and float is at 203.44M with Short Float at 2.36%. Institutions hold 88.06% of the Float.
The top institutional shareholder in the company is HELIKON INVESTMENTS LTD with over 23.84 million shares valued at $352.54 million. The investor’s holdings represent 11.7592 of the EGO Shares outstanding. As of 2024-06-30, the second largest holder is VAN ECK ASSOCIATES CORP with 18.67 million shares valued at $276.19 million to account for 9.2124 of the shares outstanding. The other top investors are DONALD SMITH & CO., INC. which holds 12.18 million shares representing 6.0092 and valued at over $180.16 million, while BLACKROCK INC. holds 5.5266 of the shares totaling 11.2 million with a market value of $165.69 million.
