Eldorado Gold Corp (NYSE: EGO) is -2.49% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EGO stock was last observed hovering at around $13.93 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $14.50, the stock is -3.45% and -6.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 4.09% at the moment leaves the stock -10.16% off its SMA200. EGO registered 17.60% gain for a year compared to 6-month gain of -8.92%. The firm has a 50-day simple moving average (SMA 50) of $15.4654 and a 200-day simple moving average (SMA200) of $16.1404.
The stock witnessed a -9.66% loss in the last 1 month and extending the period to 3 months gives it a -10.49%, and is -4.73% 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 3.93% over the week and 3.72% over the month.
Eldorado Gold Corp (EGO) has around 4869 employees, a market worth around $2.97B and $1.19B in sales. Current P/E ratio is 10.85. Profit margin for the company is 22.98%. Distance from 52-week low is 49.18% and -23.92% from its 52-week high. The company has generated returns on investments over the last 12 months (5.91%).
with sales reaching $443.65M over the same period., but quarterly earnings will post 31.61% year-over-year. Quarterly sales are estimated to grow 44.56% in year-over-year returns.
Eldorado Gold Corp (EGO) Top Institutional Holders
309.0 institutions hold shares in Eldorado Gold Corp (EGO), with institutional investors hold 83.40% of the company’s shares. The shares outstanding are 204.91M, and float is at 195.71M with Short Float at 2.84%. Institutions hold 82.88% 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.
Eldorado Gold Corp (EGO) Insider Activity
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