EGO Stock Summary and Trading Ideas (Eldorado Gold | NYSE:EGO)

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.

Eldorado Gold trades on the NYSE stock market under the symbol EGO.

As of April 26, 2024, EGO stock price climbed to $15.22 with 1,578,435 million shares trading.

EGO has a beta of 0.73, meaning it tends to be less sensitive to market movements. EGO has a correlation of 0.04 to the broad based SPY ETF.

EGO has a market cap of $3.10 billion. This is considered a Mid Cap stock.

Last quarter Eldorado Gold reported $258 million in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-37 million and exceeded earnings estimates by $.12.

In the last 3 years, EGO stock traded as high as $16.07 and as low as $5.06.

The top ETF exchange traded funds that EGO belongs to (by Net Assets): GDX, GDXJ, SILJ, DISV, GOAU.

EGO has outperformed the market in the last year with a return of +42.6%, while the SPY ETF gained +27.0%. In the last 3 month period, EGO beat the market returning +22.5%, while SPY returned +4.6%. However, in the most recent 2 weeks EGO has underperformed the stock market by returning -2.4%, while SPY returned -1.7%.

EGO support price is $14.37 and resistance is $15.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EGO stock will trade within this expected range on the day.