Should I buy or sell Eldorado Gold stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eldorado Gold in the last year. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EGO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGO, but not buy additional shares or sell existing shares. View EGO analyst ratings or view top-rated stocks .

What is Eldorado Gold's stock price target for 2024?

8 brokers have issued twelve-month price objectives for Eldorado Gold's shares. Their EGO share price targets range from $8.90 to $20.00. On average, they expect the company's stock price to reach $11.88 in the next twelve months. This suggests that the stock has a possible downside of 12.1%. View analysts price targets for EGO or view top-rated stocks among Wall Street analysts .

How have EGO shares performed in 2023?

Eldorado Gold's stock was trading at $8.36 at the start of the year. Since then, EGO stock has increased by 61.7% and is now trading at $13.52. View the best growth stocks for 2023 here .

Are investors shorting Eldorado Gold?

Eldorado Gold saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 3,640,000 shares, a decline of 31.7% from the October 31st total of 5,330,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.8% of the company's shares are sold short. View Eldorado Gold's Short Interest .

When is Eldorado Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our EGO earnings forecast .

How were Eldorado Gold's earnings last quarter?

Eldorado Gold Co. (NYSE:EGO) issued its earnings results on Thursday, October, 26th. The basic materials company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.16. The basic materials company earned $245.26 million during the quarter. Eldorado Gold had a net margin of 5.90% and a trailing twelve-month return on equity of 2.94%.

What ETF holds Eldorado Gold's stock ?

Dimensional International Small Cap Value ETF holds 522,458 shares of EGO stock, representing 0.41% of its portfolio.

What is Paul N. Wright's approval rating as Eldorado Gold's CEO?

3 employees have rated Eldorado Gold Chief Executive Officer Paul N. Wright on Glassdoor.com . Paul N. Wright has an approval rating of 100% among the company's employees. This puts Paul N. Wright in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Eldorado Gold own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eldorado Gold investors own include Yamana Gold (AUY) , Kinross Gold (KGC) , Eldorado Gold (ELD) , Barrick Gold (GOLD) , First Majestic Silver (AG) , AT&T (T) , BioDelivery Sciences International (BDSI) , Cisco Systems (CSCO) , Advanced Micro Devices (AMD) and Newmont (NEM) .

Who are Eldorado Gold's major shareholders?

Eldorado Gold's stock is owned by a number of retail and institutional investors. Top institutional investors include Helikon Investments Ltd (14.40%), Van ECK Associates Corp (10.49%), Invesco Ltd. (1.37%), Citigroup Inc. (1.04%), Gabelli Funds LLC (0.96%) and Schroder Investment Management Group (0.81%).

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Eldorado Gold Stock Price, News & Analysis (NYSE:EGO)

$13.52

+0.39 (+2.97%)

(As of 12/1/2023 08:54 PM ET)

Compare

Today's Range: $13.02
▼
$13.56
50-Day Range: $8.43
▼
$13.53
52-Week Range: $7.83
▼
$13.56

Volume: 2.65 million shs
Average Volume: 1.60 million shs
Market Capitalization: $2.76 billion

P/E Ratio: 43.61
Dividend Yield: N/A
Price Target: $11.88

Eldorado Gold MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 12.1% Downside
$11.88 Price Target
Short Interest: Healthy
1.81% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.50
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 19.51%
From $0.41 to $0.49 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Basic Materials Sector

74th out of 168 stocks

Gold & Silver Ores Industry

11th out of 36 stocks

1.1

Analyst's Opinion

Consensus Rating
Eldorado Gold has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 4 buy ratings, 2 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.88, Eldorado Gold has a forecasted downside of 12.1% from its current price of $13.52.
Amount of Analyst Coverage
Eldorado Gold has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.81% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Eldorado Gold has recently decreased by 31.71%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Eldorado Gold does not currently pay a dividend.
Dividend Growth
Eldorado Gold does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EGO.

3.1

News and Social Media Coverage

News Sentiment
Eldorado Gold has a news sentiment score of 0.50. 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 higher news sentiment than the 0.34 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Eldorado Gold this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for EGO on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
3 people have added Eldorado Gold to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

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
58.23% of the stock of Eldorado Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Eldorado Gold are expected to grow by 19.51% in the coming year, from $0.41 to $0.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eldorado Gold is 43.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eldorado Gold is 43.61, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 95.24.
Price to Book Value per Share Ratio
Eldorado Gold has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Eldorado Gold Stock (NYSE:EGO)

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 gold mines located in western Turkey; Lamaque gold mines 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.

EGO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EGO Stock News Headlines

November 29, 2023 | finance.yahoo.com

Eldorado Gold (TSE:ELD) shareholder returns have been enviable, earning 351% in 5 years

November 12, 2023 | seekingalpha.com

Eldorado Gold Q3 Earnings: A Solid Quarter Overall

December 4, 2023 | Wealthpress (Ad)

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October 29, 2023 | seekingalpha.com

Eldorado Gold: Margins Up Sharply, But Annual Output Below Plan

October 10, 2023 | markets.businessinsider.com

Scotiabank Sticks to Their Hold Rating for Eldorado Gold (EGO)

October 3, 2023 | msn.com

Eldorado Gold: The Stock Is Attractive

August 3, 2023 | nasdaq.com

Eldorado Gold Corp (EGO) Shares Enter Oversold Territory

July 31, 2023 | seekingalpha.com

Eldorado Gold Q2: Some Weakness This Quarter

December 4, 2023 | DTI Trader (Ad)

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July 31, 2023 | seekingalpha.com

Eldorado Gold: A Softer Q2 Than Expected

July 29, 2023 | finance.yahoo.com

Eldorado Gold Corporation (NYSE:EGO) Q2 2023 Earnings Call Transcript

July 28, 2023 | seekingalpha.com

Eldorado Gold Corporation 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | finanznachrichten.de

Eldorado Gold Corporation: Eldorado Gold Reports Q2 2023 Financial and Operational Results; Well Positioned to Meet 2023 Guidance

July 27, 2023 | finance.yahoo.com

Eldorado Gold Reports Q2 2023 Financial and Operational Results; Well Positioned to Meet 2023 Guidance

July 24, 2023 | msn.com

Eldorado Gold: A Stronger H2 On Deck

July 7, 2023 | entrepreneur.com

3 Stocks to Unlock July's Golden Opportunities

July 7, 2023 | finance.yahoo.com

Eldorado Gold Provides Update on Tax Impacts in Turkiye Related to the Weakening Lira; and Provides Conference Call Details

June 28, 2023 | thestreet.com

Eldorado Gold (EGO) Stock Tanks, Expects Up to $1.6 Billion Charge

June 14, 2023 | finance.yahoo.com

Eldorado Gold Announces Closing of C$81.5 Million Strategic Investment by the European Bank for Reconstruction and Development (EBRD)

May 31, 2023 | finance.yahoo.com

Eldorado Gold Publishes 2022 Sustainability Report; Further Advancing Strategy into Action

May 31, 2023 | markets.businessinsider.com

Bank of America Securities Sticks to Their Sell Rating for Eldorado Gold (EGO)

May 24, 2023 | ca.finance.yahoo.com

EGO - Eldorado Gold Corporation

May 9, 2023 | msn.com

Eldorado Gold: A Strong Start To The Year

May 2, 2023 | msn.com

Which of these Gold Mining Stocks is Glittering After Earnings?

May 1, 2023 | seekingalpha.com

Eldorado Gold: A Promising Outlook In 2023

April 28, 2023 | msn.com

El Dorado Gold Earnings Prove Good as Gold

April 28, 2023 | msn.com

Eldorado Gold surges after Q1 earnings topper, lower than expected costs

See More Headlines

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Company Calendar

Last Earnings: 10/26/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:EGO
CUSIP: N/A
CIK: 918608
Web: www.eldoradogold.com
Phone: (604) 687-4018
Fax: 604-687-4026
Employees: 4,751
Year Founded: 1992

Price Target and Rating

Average Stock Price Target: $11.88
High Stock Price Target: $20.00
Low Stock Price Target: $8.90
Potential Upside/Downside: -12.1%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.31
Trailing P/E Ratio: 43.61
Forward P/E Ratio: 32.98
P/E Growth: N/A
Net Income: $-353,820,000.00
Net Margins: 5.90%
Pretax Margin: 14.51%
Return on Equity: 2.94%
Return on Assets: 2.10%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 4.00
Quick Ratio: 2.89

Sales & Book Value

Annual Sales: $871.98 million
Price / Sales: 3.17
Cash Flow: $1.37 per share
Price / Cash Flow: 9.90
Book Value: $16.67 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 204,430,000
Free Float: 203,139,000
Market Cap: $2.76 billion
Optionable: Optionable
Beta: 1.16

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Key Executives

Mr. George Raymond Burns (Age 63)
President, CEO & Director
Comp: $1.48M
Mr. Philip Chow Yee CA
Executive VP & CFO
Mr. Joseph Dennis Dick
Executive VP & COO
Ms. Lisa Marie Ower BSc
M.S., Executive VP of External Affairs & Chief People Officer
Mr. Paul Ferneyhough
Executive VP and Chief Strategy & Commercial Officer
Mr. Simon Oswald Hille
Executive Vice President of Technical Services & Operations
Ms. Lynette Gould
Vice President of Investor Relations
Mr. Frank Hamilton Herbert
Executive VP, General Counsel & Chief Compliance Officer
Louise McMahon
Director of Communications & Public Affairs
Mr. Graham Morrison
Vice President of Corporate Development

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

EGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Eldorado Gold stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eldorado Gold in the last year. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EGO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGO, but not buy additional shares or sell existing shares.
View EGO analyst ratings or view top-rated stocks.
What is Eldorado Gold's stock price target for 2024?: 8 brokers have issued twelve-month price objectives for Eldorado Gold's shares. Their EGO share price targets range from $8.90 to $20.00. On average, they expect the company's stock price to reach $11.88 in the next twelve months. This suggests that the stock has a possible downside of 12.1%.
View analysts price targets for EGO or view top-rated stocks among Wall Street analysts.
How have EGO shares performed in 2023?: Eldorado Gold's stock was trading at $8.36 at the start of the year. Since then, EGO stock has increased by 61.7% and is now trading at $13.52.
View the best growth stocks for 2023 here.
Are investors shorting Eldorado Gold?: Eldorado Gold saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 3,640,000 shares, a decline of 31.7% from the October 31st total of 5,330,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.8% of the company's shares are sold short.
View Eldorado Gold's Short Interest.
When is Eldorado Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our EGO earnings forecast.
How were Eldorado Gold's earnings last quarter?: Eldorado Gold Co. (NYSE:EGO) issued its earnings results on Thursday, October, 26th. The basic materials company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.16. The basic materials company earned $245.26 million during the quarter. Eldorado Gold had a net margin of 5.90% and a trailing twelve-month return on equity of 2.94%.

What ETF holds Eldorado Gold's stock ?: Dimensional International Small Cap Value ETF holds 522,458 shares of EGO stock, representing 0.41% of its portfolio.
What is Paul N. Wright's approval rating as Eldorado Gold's CEO?: 3 employees have rated Eldorado Gold Chief Executive Officer Paul N. Wright on Glassdoor.com. Paul N. Wright has an approval rating of 100% among the company's employees. This puts Paul N. Wright in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Eldorado Gold own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Eldorado Gold investors own include Yamana Gold (AUY), Kinross Gold (KGC), Eldorado Gold (ELD), Barrick Gold (GOLD), First Majestic Silver (AG), AT&T (T), BioDelivery Sciences International (BDSI), Cisco Systems (CSCO), Advanced Micro Devices (AMD) and Newmont (NEM).
Who are Eldorado Gold's major shareholders?: Eldorado Gold's stock is owned by a number of retail and institutional investors. Top institutional investors include Helikon Investments Ltd (14.40%), Van ECK Associates Corp (10.49%), Invesco Ltd. (1.37%), Citigroup Inc. (1.04%), Gabelli Funds LLC (0.96%) and Schroder Investment Management Group (0.81%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:EGO) was last updated on 12/4/2023 by MarketBeat.com Staff

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