Eldorado Gold (EGO) Stock Price, News & Analysis

Company Overview

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1996 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $15.08 to $15.59
• 50-Day Range: $15.20 to $18.66
• 52-Week Range: $9.72 to $19.06
• Volume: 2.42 million shs
• Average Volume: 1.88 million shs
• Market Capitalization: $3.11 billion
• P/E Ratio: 11.34
• Dividend Yield: N/A
• Price Target: $20.88
• Consensus Rating: Hold

Eldorado Gold Stock Analysis - MarketRank™

Eldorado Gold scored higher than 76% of companies evaluated by MarketBeat, and ranked 95th out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Eldorado Gold has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Eldorado Gold has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 16.31%

Earnings Growth

Earnings for Eldorado Gold are expected to grow by 16.31% in the coming year, from $1.41 to $1.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Eldorado Gold is 11.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eldorado Gold is 11.34, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 99.69.

Price to Book Value per Share Ratio

Eldorado Gold has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.08% of the float of Eldorado Gold has been sold short.

Short Interest Ratio / Days to Cover

Eldorado Gold has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Eldorado Gold has recently increased by 19.89%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Eldorado Gold does not currently pay a dividend.

Dividend Growth

Eldorado Gold does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.08% of the float of Eldorado Gold has been sold short.

Short Interest Ratio / Days to Cover

Eldorado Gold has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Eldorado Gold has recently increased by 19.89%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.21

News Sentiment

Eldorado Gold has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Eldorado Gold this week, compared to 3 articles on an average week.

Search Interest

7 people have searched for EGO on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Eldorado Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eldorado Gold insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.63% of the stock of Eldorado Gold is held by insiders.

Percentage Held by Institutions

69.58% of the stock of Eldorado Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EGO Stock Analysis - Frequently Asked Questions

How have EGO shares performed this year?

Eldorado Gold's stock was trading at $12.97 at the start of the year. Since then, EGO stock has increased by 17.2% and is now trading at $15.20.
View the best growth stocks for 2024 here.

How were Eldorado Gold's earnings last quarter?

Eldorado Gold Co. (NYSE:EGO) announced its quarterly earnings results on Thursday, October, 31st. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The basic materials company earned $331.76 million during the quarter. Eldorado Gold had a trailing twelve-month return on equity of 6.67% and a net margin of 23.16%.

Who are Eldorado Gold's major shareholders?

Eldorado Gold's top institutional shareholders include Helikon Investments Ltd (9.22%), Van ECK Associates Corp (9.08%), Donald Smith & CO. Inc. (5.76%) and Jennison Associates LLC (2.94%).

How do I buy shares of Eldorado Gold?

Shares of EGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Eldorado Gold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eldorado Gold investors own include Waste Connections (WCN), American Water Works (AWK), Humana (HUM), AUO (AUOTY), DiamondRock Hospitality (DRH), The RMR Group (RMR) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals
• Current Symbol: NYSE:EGO
• CUSIP: N/A
• CIK: 918608
• Web: www.eldoradogold.com
• Phone: (604) 687-4018
• Fax: 604-687-4026
• Employees: 4,700
• Year Founded: 1992

Price Target and Rating

• Average Stock Price Target: $20.88
• High Stock Price Target: $22.50
• Low Stock Price Target: $19.00
• Potential Upside/Downside: +37.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.34
• Trailing P/E Ratio: 11.34
• Forward P/E Ratio: 10.78
• P/E Growth: N/A
• Net Income: $104.63 million
• Net Margins: 23.16%
• Pretax Margin: 25.48%
• Return on Equity: 6.67%
• Return on Assets: 4.63%

Debt

• Debt-to-Equity Ratio: 0.23
• Current Ratio: 3.37
• Quick Ratio: 2.54

Sales & Book Value

• Annual Sales: $1.01 billion
• Price / Sales: 3.09
• Cash Flow: $1.81 per share
• Price / Cash Flow: 8.38
• Book Value: $18.36 per share
• Price / Book: 0.83

Miscellaneous

• Outstanding Shares: 204,910,000
• Free Float: 203,619,000
• Market Cap: $3.11 billion
• Optionable: Optionable
• Beta: 0.95