Market Update: Eldorado Gold Corp (EGO) Sees Positive Movement%, Closing at $28.85

Kiel Thompson

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

In the latest session, Eldorado Gold Corp (NYSE: EGO) closed at $28.85 up 1.05% from its previous closing price of $28.55. In other words, the price has increased by $1.05 from its previous closing price. On the day, 3.85 million shares were traded. EGO stock price reached its highest trading level at $29.07 during the session, while it also had its lowest trading level at $28.372.

Ratios:

For a deeper understanding of Eldorado Gold Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.53 and its Current Ratio is at 3.11. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of . The stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on May 29, 2024, Upgraded its rating to Outperform and sets its target price to $20 from $14 previously.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EGO now has a Market Capitalization of 5862301184 and an Enterprise Value of 5956990464. As of this moment, Eldorado’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.49, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.71 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 3.784 whereas that against EBITDA is 6.995.

Stock Price History:

The Beta on a monthly basis for EGO is 0.42, which has changed by 0.66090965 over the last 52 weeks, in comparison to a change of 0.1529237 over the same period for the S&P500. Over the past 52 weeks, EGO has reached a high of $29.24, while it has fallen to a 52-week low of $13.29. The 50-Day Moving Average of the stock is 19.69%, while the 200-Day Moving Average is calculated to be 51.56%.

Shares Statistics:

For the past three months, EGO has traded an average of 1.75M shares per day and 2738650 over the past ten days. A total of 203.55M shares are outstanding, with a floating share count of 202.20M. Insiders hold about 0.50% of the company’s shares, while institutions hold 77.12% stake in the company. Shares short for EGO as of 1757894400 were 2811131 with a Short Ratio of 1.61, compared to 1755216000 on 2495263.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0. The stock’s 5-year Average Dividend Yield is 0.85. . The current Payout Ratio is 0.00% for EGO, which recently paid a dividend on 2017-03-03 with an ex-dividend date of 2017-03-03. Stock splits for the company last occurred on 2018-12-31 when the company split stock in a 1:5 ratio.

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