Market Momentum: Eldorado Gold Corp. (EGO) Registers a 0.17 Increase, Closing at 17.63

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Eldorado Gold Corp. (NYSE: EGO) closed the day trading at $17.63 up 0.17% from the previous closing price of $17.60. In other words, the price has increased by $0.17 from its previous closing price. On the day, 1.65 million shares were traded. EGO stock price reached its highest trading level at $17.91 during the session, while it also had its lowest trading level at $17.46.

Ratios:

For a better understanding of EGO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.65 and its Current Ratio is at 3.62. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.21.

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 3609936128 and an Enterprise Value of 3758553600. As of this moment, Eldorado’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.08, and their Forward P/E ratio for the next fiscal year is 11.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.27 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 3.396 whereas that against EBITDA is 7.302.

Stock Price History:

Over the past 52 weeks, EGO has reached a high of $18.85, while it has fallen to a 52-week low of $8.30. The 50-Day Moving Average of the stock is 3.44%, while the 200-Day Moving Average is calculated to be 20.19%.

Shares Statistics:

Over the past 3-months, EGO traded about 1.39M shares per day on average, while over the past 10 days, EGO traded about 1698320 shares per day. A total of 204.76M shares are outstanding, with a floating share count of 203.28M. Insiders hold about 0.73% of the company’s shares, while institutions hold 73.29% stake in the company. Shares short for EGO as of 1726185600 were 5257982 with a Short Ratio of 3.79, compared to 1723680000 on 5260140.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 0.85.

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