Eldorado Gold Corporation, (NYSE: EGO) - Stock's Volatility Analysis

Aubrey Yates
January 13, 2018

The company has its outstanding shares of 95.64M. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time.

The stock decreased 0.14% or $0.02 during the last trading session, reaching $13.9. Its minimum price target estimates has been figured out at $1.2 while the maximum price target forecast is established at $4.39. TD Securities reissued a "buy" rating and issued a $6.00 price target on shares of Eldorado Gold Corporation in a research report on Saturday, October 29th. Active investors may choose to use this technical indicator as a stock evaluation tool. A volume "spike" where volume is way more than normal-5 to 10 times (or more) average volume (for that time or period) for example-could indicate the end of a trend. Volumes indicate how many shares are bought and sold over a given period of time.

However out of 11 analysts 0 suggest Eldorado Gold Corp (NYSE:EGO) a Strong Buy, 3 suggested Buy, 10 Hold and 4 Sell, while 0 analysts recommend the stock a Strong Sell. The stock decreased 1.55% or $1.04 during the last trading session, reaching $65.98.

On Monday, Jan 08, Shares of Eldorado Gold Corporation (EGO) were valued at $1.32 and moved -6.38%.

Shares of Eldorado Gold (NYSE:EGO) opened at $1.27 on Tuesday. For the current year the company's revenue estimates are $402.12 Million compared to low analyst estimates of $345.72 Million and high estimates of $461 Million according to the prediction of 14 analysts. After a recent look, we can see that the SuperTrend line is now below the current stock price. A frequently used tool among technical stock analysts is the moving average. Can trimmed its position in Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) by 59.6% in the third quarter, according to its most recent filing with the SEC. Eldorado Gold Corporation (NYSE:EGO) has declined 23.79% since January 11, 2017 and is downtrending. Therefore, moving-average lines are used to help a trader more easily identify the direction of the trend. The return on invested capital is at 0.3%, which is good, compared to its peers.

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The stock is trading -67.52% away from its 52 week high of $3.91 and 15.45% far from the stock's low point over the past 52 weeks, which was $1.10. The stock's quarterly performance specifies a shift of -41.59%, and its last twelve month performance is stands at -61.18% while moved -45.68% for the past six months. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $1.83. Typically, the Average True Range (ATR) is based on 14 periods. The RSI may be useful for spotting abnormal price activity and volatility.

Consequently Eldorado Gold Corp (NYSE:EGO)'s weekly and monthly volatility is 5.07%, 5.35% respectively. Current price level places the company's stock about -4.83% from the 52-week high and 129.51% away from the 52-week low.

Over the past week, the company showed volatility of 5.18%. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Beta measures the amount of systematic risk a security has relative to the whole market. That puts the market capitalization at $1.01 bln. A level of 50 would indicate neutral market momentum. The stock volatility for the week was 2.32% while for the month was 1.91%. Conversely, if a security's beta is less than 1, it indicates that the security is less volatile than the market. Zacks Investment Research raised shares of Eldorado Gold from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 26th.

The TTM operating margin for the company stands at -0.7%. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

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