Eldorado Gold Corporation (NYSE:EGO)’s traded shares stood at 1.42 million during the last session, with the company’s beta value hitting 1.30. At the close of trading, the stock’s price was $5.66, to imply a decrease of -5.03% or -$0.3 in intraday trading. The EGO share’s 52-week high remains $12.49, putting it -120.67% down since that peak but still an impressive 10.6% since price per share fell to its 52-week low of $5.06. The company has a valuation of $1.12B, with an average of 1.56 million shares in intraday trading volume over the past 10 days and average of 2.02 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Eldorado Gold Corporation (EGO), translating to a mean rating of 2.40. Of 11 analyst(s) looking at the stock, 1 analyst(s) give EGO a Sell rating. 1 of those analysts rate the stock as Overweight while 3 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.2.

Eldorado Gold Corporation (NYSE:EGO) trade information

After registering a -5.03% downside in the last session, Eldorado Gold Corporation (EGO) has traded red over the past five days. The stock hit a weekly high of 6.26 this Wednesday, 10/19/22, dropping -5.03% in its intraday price action. The 5-day price performance for the stock is -10.16%, and -2.75% over 30 days. With these gigs, the year-to-date price performance is -39.47%. Short interest in Eldorado Gold Corporation (NYSE:EGO) saw shorts transact 5.63 million shares and set a 2.63 days time to cover.

Analysts on Wall Street suggest a consensus price target of $9.68, implying an increase of 41.53% to the stock’s current value. The extremes give us $5.75 and $13.00 for target low and target high price respectively. As such, EGO has been trading -129.68% off suggested target high and -1.59% from its likely low.

Eldorado Gold Corporation (EGO) estimates and forecasts

Looking at statistics comparing Eldorado Gold Corporation share performance against respective industry, we note that the company has underperformed competitors. Eldorado Gold Corporation (EGO) shares are -53.26% down over the last 6 months, with its year-to-date growth rate lower than industry average at -84.85% against -1.20%. Revenue is forecast to shrink -9.10% this quarter before jumping 57.10% for the next one. The rating firms project that company’s revenue will grow 3.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $288.51 million. Meanwhile, for the quarter ending Dec 2022, a total of 1 analyst(s) estimate revenue growth to $308.17 million.Earnings reports from the last fiscal year show that sales brought in $248.06 million and $244.63 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 16.30% before jumping 26.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 30.50% for the past 5-year period. While 2022 is set for a -92.00% return in earnings, projections for the next 5 years are at 5.83% annually.

EGO Dividends

Eldorado Gold Corporation has its next earnings report out between October 26 and October 31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Eldorado Gold Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Eldorado Gold Corporation (NYSE:EGO)’s Major holders

Eldorado Gold Corporation insiders hold 0.31% of total outstanding shares, with institutional holders owning 71.48% of the shares at 71.70% float percentage. In total, 71.48% institutions holds shares in the company, led by Van Eck Associates Corporation. As of Mar 30, 2022, the company held over 20.02 million shares (or 10.84% of shares), all amounting to roughly $224.38 million.

The next major institution holding the largest number of shares is Helikon Investments Ltd with 17.56 million shares, or about 9.51% of shares outstanding. As of the market price on Jun 29, 2022, these shares were worth $112.18 million.

We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the Eldorado Gold Corporation (EGO) shares. Going by data provided on Jun 29, 2022, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 9.78 million shares. This is just over 5.30% of the total shares, with a market valuation of $62.53 million. Data from the same date shows that the other fund manager holds a little less at 6.55 million, or 3.55% of the shares, all valued at about 41.88 million.

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