The stock of Eldorado Gold Corp. (EGO) has seen a -7.23% decrease in the past week, with a 3.68% gain in the past month, and a -1.89% decrease in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 2.89% for EGO. The simple moving average for the past 20 days is -6.59% for EGO’s stock, with a 12.86% simple moving average for the past 200 days.
Is It Worth Investing in Eldorado Gold Corp. (NYSE: EGO) Right Now?
Eldorado Gold Corp. (NYSE: EGO) has a higher price-to-earnings ratio of 19.19x compared to its average ratio. EGO has 36-month beta value of 0.97. Analysts have mixed views 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 203.28M, and currently, short sellers hold a 2.59% ratio of that float. The average trading volume of EGO on September 06, 2024 was 1.41M shares.
EGO) stock’s latest price update
Eldorado Gold Corp. (NYSE: EGO) has seen a decline in its stock price by -2.19 in relation to its previous close of 16.41. However, the company has experienced a -7.23% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-08-22 that TORONTO, ON / ACCESSWIRE / August 22, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FRA:706) (“TRU” or the “Company”) is pleased to announce that, further to its news release dated July 30, 2024, it has now received an outstanding drill permit and accordingly has satisfied all pre-conditions to the definitive earn-in agreement (the “Option Agreement”) transaction with Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) (“Eldorado”). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the “Option”) to earn an 80% ownership interest in TRU’s Golden Rose Project (“Golden Rose”), strategically located along the gold deposit-bearing Cape Ray – Valentine Lake Shear Zone in Central Newfoundland.
Analysts’ Opinion of EGO
Many brokerage firms have already submitted their reports for EGO stocks, with RBC Capital Mkts repeating the rating for EGO by listing it as a “Outperform.” The predicted price for EGO in the upcoming period, according to RBC Capital Mkts is $20 based on the research report published on May 29, 2024 of the current year 2024.
EGO Trading at -2.85% 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 -12.68% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares surge +0.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.98% upper at present.
During the last 5 trading sessions, EGO fell by -7.75%, which changed the moving average for the period of 200-days by +43.27% in comparison to the 20-day moving average, which settled at $17.18. In addition, Eldorado Gold Corp. saw 23.75% 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:
- 0.24 for the present operating margin
- 0.3 for the gross margin
The net margin for Eldorado Gold Corp. stands at 0.16. The total capital return value is set at 0.05. Equity return is now at value 4.99, with 3.53 for asset returns.
Based on Eldorado Gold Corp. (EGO), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 10.62.
Currently, EBITDA for the company is 446.5 million with net debt to EBITDA at 0.32. When we switch over and look at the enterprise to sales, we see a ratio of 3.09. The receivables turnover for the company is 12.92for 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 3.62.
Conclusion
To put it simply, Eldorado Gold Corp. (EGO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
