Eldorado Gold Corp (NYSE:EGO) shares, rose in value on Friday, November 01, with the stock price down by -4.09% to the previous day’s close as strong demand from buyers drove the stock to $16.66.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.37, falling within a range of $16.31 and $17.8499. The PE ratio was 19.92 over 12-month period. Referring to stock’s 52-week performance, its high was $19.06, and the low was $9.72. On the whole, EGO has fluctuated by -5.02% over the past month.
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With the market capitalization of Eldorado Gold Corp currently standing at about $4.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.3B, with a low estimate of 341.05M and a high estimate of 447.09M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 394.07M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EGO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.40, with the price of EGO currently trading nearly -5.49% and -4.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.08, while the 7-day volatility ratio is showing 3.03% which for the 30-day chart, stands at 2.76%. Furthermore, Eldorado Gold Corp (EGO)’s beta value is 0.95, and its average true range (ATR) is 0.64.
A comparison of Eldorado Gold Corp (EGO) with its peers suggests the former has fared considerably weaker in the market. EGO showed an intraday change of -4.09% in today’s session so far, and over the past year, it grew by 52.15%%.
Data on historical trading for Eldorado Gold Corp (NYSE:EGO) indicates that the trading volumes over the past 10 days have averaged 1.71 and over the past 3 months, they’ve averaged 1.48 million. According to company’s latest data on outstanding shares, there are 204.76 million shares outstanding.
Nearly 0.72% of Eldorado Gold Corp’s shares belong to company insiders and institutional investors own 74.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.79 million shares as on 2024-10-15, resulting in a short ratio of 3.66. The stock has risen by 28.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EGO stock heading into the next quarter.
