Eldorado Gold - EGO Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eldorado Gold in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EGO shares.
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3 equities research analysts have issued 1 year target prices for Eldorado Gold's shares. Their EGO share price forecasts range from $7.50 to $16.50. On average, they anticipate the company's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 64.7% from the stock's current price.
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Eldorado Gold's stock was trading at $9.35 at the beginning of the year. Since then, EGO stock has decreased by 18.8% and is now trading at $7.59.
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Eldorado Gold saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 5,810,000 shares, an increase of 17.6% from the October 15th total of 4,940,000 shares. Based on an average daily volume of 1,960,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 3.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our EGO earnings forecast.

Eldorado Gold Co. (NYSE:EGO) released its quarterly earnings results on Thursday, October, 28th. The basic materials company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. The basic materials company had revenue of $238.44 million for the quarter. Eldorado Gold had a positive trailing twelve-month return on equity of 0.36% and a negative net margin of 49.76%. During the same period in the prior year, the company posted $0.33 earnings per share.

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.

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).

Eldorado Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGO."

Eldorado Gold's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Helikon Investments Ltd (11.99%), Van ECK Associates Corp (10.71%), Donald Smith & CO. Inc. (5.31%), BlackRock Inc. (4.28%), Vanguard Group Inc. (3.39%) and Renaissance Technologies LLC (2.84%).

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.
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One share of EGO stock can currently be purchased for approximately $7.59.

Eldorado Gold (NYSE:EGO) has a market capitalization of $1.40 billion and generates $940.90 million in revenue each year. The basic materials company earns $-136,020,000.00 in net income (profit) each year or ($2.37) on an earnings per share basis.

The company employs 4,678 workers across the globe.

Eldorado Gold's mailing address is 550 BURRARD STREET SUITE 1188 - BENTALL 5, VANCOUVER A1, V6C 2B5. The official website for the company is www.eldoradogold.com. The basic materials company can be reached via phone at (604) 687-4018, via email at nancyw@eldoradogold.com, or via fax at 604-687-4026.