With 205.18M Outstanding Shares, Can Eldorado Gold Corp (NYSE: EGO) Deliver Big Short-Term Gains?

Eldorado Gold Corp (NYSE:EGO) currently has a daily average trading volume of 2.17M but it saw 1647796 shares traded in last market. With a market cap of 4.30B USD, the company’s current market price of $20.95 came rising about 0.05 while comparing to the previous closing price of $20.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.74 and as low as $13.29. In the recent trading on the day, stock has struck highest price mark of $20.88 while lowest mark touched by it was $21.21.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which upgraded the stock as “Outperform” in its note to investors issued on May 29, 2024, recommending a price target of between $14 and $20 for it.

Over the week, EGO’s stock price is moving 4.28% up while it is 9.97% when we observe its performance for the past one month. Year-to-date it is 40.89% up and over the past year, the stock is showing an upside performance of 29.56%.

Currently, Eldorado Gold Corp’s total number of outstanding shares is 205.18M with 0.34% of that held by the insiders while 85.39% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.64% and return on equity (ROE) at 8.91%. It has a price to earnings ratio (P/E ratio) of 13.14 while having a 7.92 of forward P/E ratio. Stock’s beta reads 0.46. Stock has a price to book (P/B) ratio of 1.08 while price to sale or P/S ratio amounts to 3.03. Its return on asset (ROA) is 6.13% on average.

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