Economy

Canaccord Genuity Cuts Eldorado Gold Corp (ELD) Price Target to C$2.00

Here we will take a look into some valuation metrics for Eldorado Gold Corporation TSX:ELD shares.

The Relative Volume of the company is 1.4 and Average Volume (3 months) is 7.49 million. The consensus rating is 2.8, suggesting the market has given up on the stock. A ratio lower than one shows that the price has decreased over that time period. During the same period past year, the firm earned ($0.01) EPS.

When it comes to the Analysis of a Stock, Price Target plays a vital role. There is no concrete way to calculate a price target.

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its target price trimmed by Canaccord Genuity from C$3.25 to C$2.25 in a research report released on Tuesday, October 24th.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. One of the most popular ratios is the "Return on Assets" (aka ROA). The consensus recommendation provided by covering sell-side analysts is now 2.80. The basic materials company reported $0.01 earnings per share (EPS) for the quarter.

We are also noting that CSX Corporation (NYSE:CSX) was recently seen trading -6.78% away from the 50-day high and 6.53% separated from the 50-day low.

In case of Revenue Estimates, 4 analysts have provided their consensus Average Revenue Estimates for Eldorado Gold Corporation as 131.53 Million.

The company is expected to report earnings of $0.02 a share for the next quarter. The count of Hold ratings in that period was 6. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Eldorado Gold Corp has an average rating of "Hold" and an average price target of C$3.65. The high and low revenue estimates for the current quarter are $172 Million and $128.49 Million, respectively. The business's quarterly revenue was down 18.0% compared to the same quarter a year ago. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. A frequently used tool among technical stock analysts is the moving average. Looking at the 200-day moving average, shares have been trading -55.16% away from that value.

A moving average can help cut down the amount of "noise" on a price chart. The stock closing price is now trading downward to its 50 day moving average with change of -39.13%, tumbled to its 20 day moving average with figure of -35.10% and behind its 200 day moving average with value -55.31%. The Volatility 6m is the same, except measured over the course of six months. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. BMO Capital Markets restated a market perform rating and issued a C$4.00 price target on shares of Eldorado Gold Corp in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell".

Eldorado Gold Corporation (EGO) opened the session with a $1.25 price tag, later ranging from $1.22 to $1.27, the range at which the stock has traded at throughout the day.

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future. A beta below 1 might indicate that the stock is less volatile than the market.

Briefly looking at some recent volatility numbers, we can see that shares have been noted at 6.01% for the week, and 6.24% for the past month. The stock now has Monthly Volatility of 6.24% and Weekly Volatility of 6.97%.



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