Eldorado Gold Corporation (NYSE:EGO) has a beta value of 1.49 and has seen 2,681,014 shares traded in the last trading session. The company, currently valued at $1.92 Billion, closed the last trade at $10.61 per share which meant it gained $0.74 on the day or 7.5% during that session. The EGO stock price is -36.57% off its 52-week high price of $14.49 and 36.38% above the 52-week low of $6.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.35 Million shares traded. The 3-month trading volume is 2.44 Million shares.
The consensus among analysts is that Eldorado Gold Corporation (EGO) is an Overweight stock at the moment, with a recommendation rating of 3. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Eldorado Gold Corporation (NYSE:EGO) trade information
Sporting 7.5% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the EGO stock price touched $11.18- or saw a rise of 5.11%. Year-to-date, Eldorado Gold Corporation shares have moved -20.05%, while the 5-day performance has seen it change -4.67%. Over the past 30 days, the shares of Eldorado Gold Corporation (NYSE:EGO) have changed -6.27%. Short interest in the company has seen 3.28 Million shares shorted with days to cover at 1.34.
Wall Street analysts have a consensus price target for the stock at $15.4, which means that the shares’ value could jump 45.15% from current levels. The projected low price target is $10 while the price target rests at a high of $20. In that case, then, we find that the current price level is +88.5% off the targeted high while a plunge would see the stock lose -5.75% from current levels.
Eldorado Gold Corporation (EGO) estimates and forecasts
4 analysts offering their estimates for the company have set an average revenue estimate of $95.56 Million for the current quarter. 2 have an estimated revenue figure of $139.81 Million for the next quarter concluding in March 01, 2018. Year-ago sales stood $114.74 Million and $111.88 Million respectively for this quarter and the next, and analysts expect sales will grow by -16.7% for the current quarter and 25% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +15.5% over the past 5 years. Earnings growth for 2021 is a modest +19.6% while over the next 5 years, the company’s earnings are expected to increase by 5%.
Eldorado Gold Corporation (NYSE:EGO)’s Major holders
Insiders own 0.17% of the company shares, while shares held by institutions stand at 67.48% with a share float percentage of 67.6%. Investors are also buoyed by the number of investors in a company, with Eldorado Gold Corporation having a total of 256 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 19.72 Million shares worth more than $261.64 Million. As of December 30, 2020, Van Eck Associates Corporation held 10.84% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 11.97 Million shares as of December 30, 2020. The firm’s total holdings are worth over $158.85 Million and represent 6.58% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. As of March 30, 2021, the former fund manager holds about 4.72% shares in the company for having 8572258 shares of worth $92.49 Million while later fund manager owns 7.82 Million shares of worth $84.43 Million as of March 30, 2021, which makes it owner of about 4.3% of company’s outstanding stock.