Stock To Watch: Eldorado Gold Corporation (NYSE:EGO)


The leading market experts have placed a mean price target of $5.840 on Eldorado Gold Corporation (NYSE:EGO) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.030 a share for the upcoming quarter and $0.070 for the current fiscal.

Technical View

The technical analysis of Eldorado Gold Corporation Ordin plainly substantiates that the 50-day moving average of Eldorado Gold Corporation Ordin is $4.279, and stock is trading $-0.724 points away or -16.918% from its 50-day moving average of $4.279. Further it is trading $-0.385 or -9.763% away its 200-day moving average of $3.940. Eldorado Gold Corporation (NYSE:EGO) 52-week high is $5.160 and the 52-week low is $1.870.

This explains if the stock moves $-1.605, it will post a 52-week high. In event of +90.107% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Eldorado Gold Corporation Ordin, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Eldorado Gold Corporation (NYSE:EGO) ratio came in at N/A.

The stock last ended the trading session at $3.555 and registered a market cap of $2.54B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Eldorado Gold Corporation (NYSE:EGO) PEG ratio is at 0.820.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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