Analyst Research

Analyst Sights on Price Target: Eldorado Gold Corp (NYSE:EGO)

Eldorado Gold Corp (NYSE:EGO) shares traded 8.77% during the most recent session the stock exchanged hands 7.70M shares versus average trading capacity of 5.57M shares, yielding a market cap of $2.84B. Wall Street analysts covering the stock are projecting that the stock will reach $5.04 within the next 52-weeks. The mean target projections are based on 14 opinions, the mean target was last revised on 04/28/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Eldorado Gold Corp (NYSE:EGO) high price target of $10.00 and with a conservative view have low price target of $3.67 with a standard deviation of $1.38. If seeing target price from optimistic overview then it has a 105 percent upside potential from the latest closing price of $3.66.

Eldorado Gold Corp (NYSE:EGO) received “Upgrade” rating by BofA/Merrill in a research note issued to investors on Sep-14-16 from Underperform to Buy.

Additionally on Sep-12-16 Eldorado Gold Corp (NYSE:EGO) was “Upgraded” by Credit Suisse from Neutral to Outperform and on Aug-10-16 the stock was “Upgraded” by Goldman from Neutral to Buy. Furthermore on Jul-22-16 the stock was “Downgraded” by Credit Suisse from Outperformto Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 59.56 along with Average True Range (ATR 14) of 0.16, Consequently Eldorado Gold Corp (NYSE:EGO) weekly and monthly volatility is 6.28%, 4.00% respectively. The company’s beta value is at 1.56.

In terms of Buy, Sell or Hold recommendations, Eldorado Gold Corp (NYSE:EGO) has an analysts’ mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Previously Eldorado Gold Corp (NYSE:EGO) reported $0.01 earnings per share (EPS) for the quarter on 4/27/2017 After Market Close, missing the consensus estimate of $0.03 by -$0.02. The company posted an earnings surprise of -66.67%.

While considering growth estimates of the company, it has next quarter growth estimates of -40.00%, comparing to the estimations of 28.60% during current year and 88.90% for next year. Past 5 years growth of Eldorado Gold Corp (NYSE:EGO) observed at -25.41%, looking forward for the next 5 years it has a strong prediction of 44.70% over growth.

Eldorado Gold Corp (NYSE:EGO) revenue estimates for the current quarter are $136.12M according to 5 number of analysts, for the current quarter the company has high revenue estimates of $152.23M in contradiction of low revenue estimates of $120.98M. For the current year the company’s revenue estimates are $544.16M compared to low analyst estimates of $482.77M and high estimates of $612.02M according 16 number of analysts.

Currently Eldorado Gold Corp (NYSE:EGO) shares owned by insiders are 0.80%, whereas shares owned by institutional owners are 75.80%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded 0.89%.

Eldorado Gold Corp (NYSE:EGO) trading -28.70% away from its 52 week high of $5.13 and +44.85% far from the stock’s low point over the past 52 weeks, which was $2.53. The stock hit its 52-week high on 05/16/16, and 52-week low on 11/14/16. The company’s trailing twelve month income is -4.80M dollars and is paying 0.82% dividend yield annually.

Eldorado Gold Corp (NYSE:EGO) trailing twelve month revenues are $432.70M, whereas its price to sales ratio for the same period is 6.09. Its book value per share for the most recent quarter is $4.86 while its price to book ratio for the same period is 0.75, as for as the company’s cash per share for the most recent quarter is $1.27, however its price to cash per share ratio for the same period is 2.88. The stock has a current PEG ratio of 0.84 where as its trailing twelve month P/E ratio is -7.63.

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