How Have Insiders Been Trading Eldorado Gold Corporation (EGO) Stock?

Eldorado Gold Corporation (NYSE:EGO) saw a downside of -2.65% to $6.97 after subtracting -$0.19 on Tuesday. The 5-day average trading volume is 1,273,161 shares of the company’s common stock. It has gained $7.46 in the past week and touched a new high 1 time within the past 5 days. An average of 1,881,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,071,418.

EGO’s 1-month performance is -13.84% or -$1.13 on its low of $6.78 reached on 06/23/22. The company’s shares have touched a 52-week low of $6.78 and high of $12.49, with the stock’s rally to the 52-week high happening on 04/18/22. YTD, EGO has lost -23.42% or -$2.32 and has reached a new high 20 times. However, the current price is down -44.17% from the 52-week high price.

Valuation Metrics

EGO stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.40 while the price-to-book (PB) in the most recent quarter is 0.40.

Eldorado Gold Corporation’s quick ratio for the period ended March 30 was 2.60, with the current ratio over the same period at 3.60. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.15, while the total debt to equity was 0.15. In terms of profitability, the gross margin trailing 12 months is 29.20%. The firm’s gross profit as reported stood at $491.17 million against revenue of $940.91 million.

Earnings Surprise

For the quarterly period ending March 30 this year, Eldorado Gold Corporation’s cash and short-term investments amounted to $4.26 million against total debt of $502.89 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 549.04% to $80.59 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected EGO to announce $0.11 per share in earnings in its latest quarter, but it posted -$0.1, representing a -190.90% surprise. EBITDA for the quarter stood at more than $59.36 million. EGO stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 1.25 billion, with total debt at $502.89 million.

Let’s look briefly at Eldorado Gold Corporation (EGO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 June was 31.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.41%.

The stock’s 5-day moving average is $7.07, reflecting a -3.96% or -$0.29 change from its current price. EGO is currently trading -13.85% above its 20-day SMA, -21.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -42.38% and SMA200 by-14.89%.

Stochastic %K and %D was 19.10% and 14.93% and the average true range (ATR) pointed at 0.35. The RSI (14) points at 32.30%, while the 14-day stochastic is at 15.38% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.34 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Eldorado Gold Corporation (NYSE: EGO), RBC Capital Mkts upgraded it to a Sector perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for EGO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate EGO as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.

What is EGO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $17.21, with their median price target at $13.94. Looking at these predictions, the average price target given by analysts is for Eldorado Gold Corporation (EGO) stock is $13.87.

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