In yesterday’s Wall Street session, Eldorado Gold Corporation (NYSE:EGO) shares traded at $10.97, up 5.99% from the previous session.
As of this writing, 12 analysts cover Eldorado Gold Corporation (NYSE:EGO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $16.59 and a low of $9.50, we find $12.46. Given the previous closing price of $10.35, this indicates a potential upside of 20.39 percent. EGO stock price is now 5.41% away from the 50-day moving average and 23.22% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
There are 5 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $12.42 as their price target over the next twelve months.
A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EGO stock. A new stake in Eldorado Gold Corporation shares was purchased by INVENOMIC CAPITAL MANAGEMENT LP during the first quarter worth $25,539,000. DEUTSCHE BANK AG invested $4,217,000 in shares of EGO during the first quarter. In the first quarter, PENDAL GROUP LTD acquired a new stake in Eldorado Gold Corporation valued at approximately $3,629,000. JUMP FINANCIAL, LLC acquired a new stake in EGO for approximately $2,871,000. ALPHACREST CAPITAL MANAGEMENT LLC purchased a new stake in EGO valued at around $1,891,000 in the second quarter. In total, there are 229 active investors with 75.80% ownership of the company’s stock.
Wednesday morning saw Eldorado Gold Corporation (NYSE: EGO) opened at $10.53. During the past 12 months, Eldorado Gold Corporation has had a low of $5.06 and a high of $12.11. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 2.90, and a quick ratio of 1.90. The fifty day moving average price for EGO is $10.41 and a two-hundred day moving average price translates $8.93 for the stock.
The latest earnings results from Eldorado Gold Corporation (NYSE: EGO) was released for Mar, 2023. According to the Gold Company, earnings per share came in at $0.11, beating analysts’ expectations of $0.04 by 0.07. This compares to -$1.89 EPS in the same period last year. The net profit margin was -1.70% and return on equity was -0.50% for EGO. The company reported revenue of $229.35 million for the quarter, compared to $194.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.82 percent. For the current quarter, analysts expect EGO to generate $263.68M in revenue.
Eldorado Gold Corporation(EGO) Company Profile
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru gold mines located in western Turkey; Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1996 and is headquartered in Vancouver, Canada.
