Eldorado Gold Corp. (EGO) Up 0.87% From Its 52-Week High, But Growth Potential Is Changing Over Time

Eldorado Gold Corp. (NYSE:EGO) currently has a daily average trading volume of 1.63M but it saw 1883058 shares traded in last market. With a market cap of 3.05B USD, the company’s current market price of $15.02 came rising about 1.69 while comparing to the previous closing price of $14.77. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.89 and as low as $8.30.

Taking a look at 20-day trading activity of Eldorado Gold Corp. (EGO) gives us an average price of $13.26, while its current price level is 0.87% below from 52-week high level whereas it is 80.96% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.26 while that of 200 days or SMA-200 reads an average of $11.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.78% during that period while stretching the period over a month that increases to 3.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 83.50 which implies that the stock is in overbought territory.

Over the week, EGO’s stock price is moving 10.52% up while it is 32.22% when we observe its performance for the past one month. Year-to-date it is 15.81% up and over the past year, the stock is showing an upside performance of 44.98%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.24 beat the consensus estimate of $0.17 for the same. For EGO, analysts are forecasting an EPS-growth rate of 22.80% for current year and estimate for EPS growth in next year is 30.00%. In next quarter, company is expected to be making quarterly sales of $280.61 million as analysts are expecting the sales for current fiscal year at $1.18 billion and seeing the company making $1.29 billion in sales next year. Moreover, analysts are in estimates of $286.2 million for current-quarter revenue.

Currently, Eldorado Gold Corp.’s total number of outstanding shares is 203.14M with 0.69% of that held by the insiders while 77.77% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.46% and return on equity (ROE) at 3.22%. It has a price to earnings ratio (P/E ratio) of 29.22 while having a 18.68 of forward P/E ratio. Stock’s beta reads 1.13. Stock has a price to book (P/B) ratio of 0.87 while price to sale or P/S ratio amounts to 3.02. Its return on asset (ROA) is 2.29% on average.