Eldorado Gold Corporation (EGO) attracts a new wave of investors despite economic turmoil

Eldorado Gold Corporation (NYSE: EGO) closed the day trading at $7.65 up 10.39% from the previous closing price of $6.93. In other words, the price has increased by $+0.72 from its previous closing price. On the day, 2854262 shares were traded. EGO stock price reached its highest trading level at $7.70 during the session, while it also had its lowest trading level at $7.01.

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Ratios:

For a better understanding of EGO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.40 and its Current Ratio is at 3.60. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.

Upgrades & Downgrades

On October 09, 2020, RBC Capital Mkts Upgraded its rating to Sector Perform which previously was Underperform and also upped its target price recommendation from $11 to $12.

BofA/Merrill Upgraded its Underperform to Buy on March 04, 2020, while the target price for the stock was maintained at $13.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 0.44.

Stock Price History:

Over the past 52 weeks, EGO has reached a high of $12.49, while it has fallen to a 52-week low of $5.06. The 50-Day Moving Average of the stock is 6.20, while the 200-Day Moving Average is calculated to be 7.90.

Shares Statistics:

Over the past 3-months, EGO traded about 1.94M shares per day on average, while over the past 10 days, EGO traded about 1.58M shares per day. A total of 183.78M shares are outstanding, with a floating share count of 160.26M. Insiders hold about 0.80% of the company’s shares, while institutions hold 75.80% stake in the company. Shares short for EGO as of Oct 13, 2022 were 4.94M with a Short Ratio of 5.81M, compared to 7.26M on Sep 14, 2022.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of $0.15 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.1, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.16, with high estimates of $0.19 and low estimates of $0.14.

Analysts are recommending an EPS of between $0.22 and $0.05 for the fiscal current year, implying an average EPS of $0.14. EPS for the following year is $0.57, with 11 analysts recommending between $1.03 and $0.35.

Revenue Estimates

1 analysts predict $258.1M in revenue for the current quarter. It ranges from a high estimate of $258.1M to a low estimate of $258.1M. As of the current estimate, Eldorado Gold Corporation’s year-ago sales were $244.63M, an estimated increase of 5.50% from the year-ago figure.

A total of 7 analysts have provided revenue estimates for EGO’s current fiscal year. The highest revenue estimate was $956.38M, while the lowest revenue estimate was $876M, resulting in an average revenue estimate of $915.53M. In the same quarter a year ago, actual revenue was $940.91M, down -2.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.06B in the next fiscal year. The high estimate is $1.25B and the low estimate is $951M. The average revenue growth estimate for next year is up 15.30% from the average revenue estimate for this year.