A new trading day began on Monday, with Eldorado Gold Corp. (NYSE: EGO) stock price up 3.44% from the previous day of trading, before settling in for the closing price of $16.01. EGO’s price has ranged from $8.30 to $17.28 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 20.20% over the past five years. Meanwhile, its annual earnings per share averaged 128.95%. With a float of $202.36 million, this company’s outstanding shares have now reached $203.14 million.
Let’s look at the performance matrix of the company that is accounted for 4869 employees.
Eldorado Gold Corp. (EGO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of Eldorado Gold Corp. is 0.79%, while institutional ownership is 73.55%.
Eldorado Gold Corp. (EGO) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.17 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 128.95% per share during the next fiscal year.
Eldorado Gold Corp. (NYSE: EGO) Trading Performance Indicators
Here are Eldorado Gold Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.84, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.46 in one year’s time.
Technical Analysis of Eldorado Gold Corp. (EGO)
Eldorado Gold Corp. (NYSE: EGO) saw its 5-day average volume 1.03 million, a negative change from its year-to-date volume of 1.53 million. As of the previous 9 days, the stock’s Stochastic %D was 30.62%. Additionally, its Average True Range was 0.51.
During the past 100 days, Eldorado Gold Corp.’s (EGO) raw stochastic average was set at 86.54%, which indicates a significant increase from 58.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.01% in the past 14 days, which was lower than the 34.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.73, while its 200-day Moving Average is $13.34. Nevertheless, the first resistance level for the watch stands at $16.74 in the near term. At $16.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.26. If the price goes on to break the first support level at $16.22, it is likely to go to the next support level at $15.88. The third support level lies at $15.70 if the price breaches the second support level.
Eldorado Gold Corp. (NYSE: EGO) Key Stats
With a market capitalization of 3.38 billion, the company has a total of 204,761K Shares Outstanding. Currently, annual sales are 1,009 M while annual income is 104,630 K. The company’s previous quarter sales were 297,140 K while its latest quarter income was 55,480 K.
