Precious Metals
Does Eldorado Gold Corporation (EGO) Have A Cheap Price Or Is It Risky?
The stock of Eldorado Gold Corporation (NYSE:EGO) increased by $0.17 on Tuesday to $10.12, up 1.71 percent. The last five days have seen an average of…
The stock of Eldorado Gold Corporation (NYSE:EGO) increased by $0.17 on Tuesday to $10.12, up 1.71 percent. The last five days have seen an average of 1,556,383 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $1.73. The average number of shares traded over the last 20 days was 1,987,816, while the average volume over the last 50 days totaled 1,886,188.
EGO stock appreciated 11.21% since last month. On 03/10/23, the company’s shares reached a one-month low of $9.07. The stock touched a high of $12.49 on 03/28/23, after rallying from a low of $5.06 in 52 weeks. The price of EGO stock has risen by 21.05% or $1.73 this year, reaching a new high 11 times. Still, the stock price is down -18.94% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.10, the price-to-book (PB) ratio of 0.57.
Company paid $0.0153 per share in dividends, an increase of 53.0% from $0.01 last year.
Financial Health
For the three months ended December 30, Eldorado Gold Corporation’s quick ratio was 2.10, while its current ratio was 3.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.16, and the total debt to equity ratio is 0.16. As far as profitability goes, gross margin for the trailing twelve months is 19.70% percent. Eldorado Gold Corporation’s EBITDA margin for the year ended December 30 was 35.15%, whereas its operating margin stood at 4.80% for the same period. Based on annual data, it had gross profit of $412.4 million and revenue of $871.98 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EGO’s return on assets (ROA) during the last 12 months has been -7.90%. There was a -0.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -11.00%.
Earnings Surprise
According to Eldorado Gold Corporation’s quarterly financial report for the quarter that ended December 30, it had $4.26 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $617.82 million, while revenues rose by 25.7% to $0.0. It was predicted that Eldorado Gold Corporation’s quarterly earnings would be $0.14, but it ended up being $0.06, beating the consensus by 133.30%. EBITDA was $71.54 million for the quarter. At the end of Eldorado Gold Corporation’s most recent quarter ended December 30, its liabilities totaled 1.25 billion, while its total debt was $511.36 million.
Technical Picture
Here’s a quick look at Eldorado Gold Corporation’s (EGO) price momentum from a technical perspective. As of 27 March, the RSI 9-day stood at 63.90%, suggesting the stock is Neutral, with a 41.51% historical volatility rate.
The stochastic %K and %D were 85.91% and 77.90% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 97.13%, the RSI (14) reading is 60.96%. On the 9-day MACD Oscillator, the stock is at 0.14, and the 14-day reading is at 0.28.
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