Eldorado Gold Corporation (NYSE:EGO) went up by 1.82% from its latest closing price compared to the recent 1-year high of $12.49. The company’s stock price has collected 3.11% of gains in the last five trading sessions.
Is It Worth Investing in Eldorado Gold Corporation (NYSE :EGO) Right Now?
Plus, the 36-month beta value for EGO is at 1.30.
EGO currently public float of 160.37M and currently shorts hold a 2.85% ratio of that float. Today, the average trading volume of EGO was 1.79M shares.
EGO’s Market Performance
EGO stocks went up by 3.11% for the week, with a monthly jump of 8.47% and a quarterly performance of 50.34%, while its annual performance rate touched -3.03%. The volatility ratio for the week stands at 3.76% while the volatility levels for the past 30 days are set at 3.90% for Eldorado Gold Corporation. The simple moving average for the period of the last 20 days is 4.38% for EGO stocks with a simple moving average of 20.88% for the last 200 days.
Analysts’ Opinion of EGO
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see EGO reach a price target of $12, previously predicting the price at $11. The rating they have provided for EGO stocks is “Sector Perform” according to the report published on October 09th, 2020.
BofA/Merrill gave a rating of “Buy” to EGO, setting the target price at $13 in the report published on March 04th of the previous year.
EGO Trading at 12.95% from the 50-Day Moving Average
After a stumble in the market that brought EGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.23% of loss for the given period.
Volatility was left at 3.90%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares surge +13.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.28% upper at present.
During the last 5 trading sessions, EGO rose by +3.11%, which changed the moving average for the period of 200-days by -22.15% in comparison to the 20-day moving average, which settled at $8.64. In addition, Eldorado Gold Corporation saw 7.18% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EGO
Current profitability levels for the company are sitting at:
- +22.33 for the present operating margin
- +27.10 for the gross margin
The net margin for Eldorado Gold Corporation stands at +1.14. Equity return is now at value -13.00, with -9.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.52.