Eldorado Gold Corp. (EGO) Stock: A Guide to the Market Trend

The stock of Eldorado Gold Corp. (EGO) has gone up by 9.38% for the week, with a 36.24% rise in the past month and a 13.76% rise in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are 3.35% for EGO. The simple moving average for the past 20 days is 14.10% for EGO’s stock, with a 34.32% simple moving average for the past 200 days.

Is It Worth Investing in Eldorado Gold Corp. (NYSE: EGO) Right Now?

The price-to-earnings ratio for Eldorado Gold Corp. (NYSE: EGO) is 28.70x, which is above its average ratio. Moreover, the 36-month beta value for EGO is 1.13. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 3 as “sell.”

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The public float for EGO is 201.26M and currently, short sellers hold a 3.11% of that float. On April 02, 2024, EGO’s average trading volume was 1.61M shares.

EGO) stock’s latest price update

The stock of Eldorado Gold Corp. (NYSE: EGO) has increased by 2.61 when compared to last closing price of 14.38.Despite this, the company has seen a gain of 9.38% in its stock price over the last five trading days. InvestorPlace reported 2024-03-18 that Gold and other commodities are perfect investment options for investors looking to diversify their portfolios. Gold futures are still at near all-time highs of roughly $2,100/oz.

EGO Trading at 21.27% 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 able to rebound, for now settling with 1.06% of gains for the given period.

Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +29.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.50% upper at present.

During the last 5 trading sessions, EGO rose by +9.15%, which changed the moving average for the period of 200-days by +47.84% in comparison to the 20-day moving average, which settled at $13.10. In addition, Eldorado Gold Corp. saw 13.76% 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:

  • 0.19 for the present operating margin
  • 0.26 for the gross margin

The net margin for Eldorado Gold Corp. stands at 0.1. The total capital return value is set at 0.04. Equity return is now at value 3.22, with 2.29 for asset returns.

Based on Eldorado Gold Corp. (EGO), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 6.3.

Currently, EBITDA for the company is 446.5 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of 3.01. The receivables turnover for the company is 10.3for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.39.

Conclusion

To wrap up, the performance of Eldorado Gold Corp. (EGO) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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