Eldorado Gold Corp Stock Buy Hold or Sell Recommendation
| EGO Stock | USD 15.10 0.04 0.26% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Eldorado Gold Corp is 'Strong Sell'. Macroaxis provides Eldorado Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding EGO positions. The advice algorithm takes into account all of Eldorado Gold's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Eldorado Gold's buy or sell advice are summarized below:
Real Value 12.16 | Target Price 12.55 | Hype Value 15.09 | Market Value 15.1 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Eldorado Gold Corp given historical horizon and risk tolerance towards Eldorado Gold. When Macroaxis issues a 'buy' or 'sell' recommendation for Eldorado Gold Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Eldorado |
Execute Eldorado Gold Buy or Sell Advice
The Eldorado recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Eldorado Gold Corp. Macroaxis does not own or have any residual interests in Eldorado Gold Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Eldorado Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | OK | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Very Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Eldorado Gold Trading Alerts and Improvement Suggestions
| Eldorado Gold Corp is unlikely to experience financial distress in the next 2 years | |
| Eldorado Gold Corp has a very strong financial position based on the latest SEC filings | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: SG Americas Securities LLC Lowers Holdings in Eldorado Gold Co. - Defense World |
Eldorado Gold Returns Distribution Density
The distribution of Eldorado Gold's historical returns is an attempt to chart the uncertainty of Eldorado Gold's future price movements. The chart of the probability distribution of Eldorado Gold daily returns describes the distribution of returns around its average expected value. We use Eldorado Gold Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Eldorado Gold returns is essential to provide solid investment advice for Eldorado Gold.
| Mean Return | 0.36 | Value At Risk | -4.11 | Potential Upside | 4.23 | Standard Deviation | 2.54 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Eldorado Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Eldorado Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Eldorado Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Eldorado Gold Corp backward and forwards among themselves. Eldorado Gold's institutional investor refers to the entity that pools money to purchase Eldorado Gold's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Royal Bank Of Canada | 2023-12-31 | 2 M | Gabelli Funds Llc | 2023-12-31 | 2 M | Sumitomo Mitsui Ds Asset Management Company, Limited | 2023-12-31 | 1.9 M | Hillsdale Investment Management Inc. | 2023-12-31 | 1.8 M | Citigroup Inc | 2023-12-31 | 1.6 M | American Century Companies Inc | 2023-12-31 | 1.6 M | Schroder Investment Management Group | 2023-12-31 | 1.5 M | Montrusco Bolton Investments Inc | 2023-12-31 | 1.5 M | Triasima Portfolio Management Inc | 2023-12-31 | 1.4 M | Helikon Investments Ltd | 2023-12-31 | 28.1 M | Van Eck Associates Corporation | 2023-12-31 | 22.1 M |
Eldorado Gold Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (108.6M) | 274.2M | 29.4M | (201.6M) | 258.1M | 271.0M | |
| Free Cash Flow | (54.1M) | 219.2M | 55.8M | (109.0M) | (48.9M) | (51.4M) | |
| Depreciation | 155.3M | 248.8M | 202.9M | 242.4M | 273.5M | 287.2M | |
| Other Non Cash Items | (128.6M) | (45.1M) | 9.4M | (25.7M) | 26.0M | 24.7M | |
| Capital Expenditures | 219.9M | 206.4M | 306.5M | 320.0M | 409.2M | 429.7M | |
| Net Income | 73.7M | 97.4M | 11.1M | (49.4M) | 108.1M | 113.5M | |
| End Period Cash Flow | 177.7M | 452.0M | 481.3M | 279.7M | 537.7M | 564.6M | |
| Change To Inventory | (16.4M) | (3.2M) | (16.1M) | (20.6M) | (34.2M) | (32.5M) | |
| Investments | (188.9M) | (244.2M) | 33.4M | (370.9M) | (320.9M) | (304.9M) | |
| Net Borrowings | (112.7M) | 7.5M | (49.3M) | (6.9M) | (6.2M) | (6.5M) | |
| Change To Netincome | (82.4M) | 33.3M | 293.3M | 348.5M | 313.6M | 174.4M |
Eldorado Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Eldorado Gold or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Eldorado Gold's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Eldorado stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.38 | |
β | Beta against NYSE Composite | -0.51 | |
σ | Overall volatility | 2.54 | |
Ir | Information ratio | 0.12 |
Eldorado Gold Volatility Alert
Eldorado Gold Corp currently demonstrates below-average downside deviation. It has Information Ratio of 0.12 and Jensen Alpha of 0.38. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Eldorado Gold's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Eldorado Gold's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Eldorado Gold Fundamentals Vs Peers
Comparing Eldorado Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Eldorado Gold's direct or indirect competition across all of the common fundamentals between Eldorado Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Eldorado Gold or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Eldorado Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Eldorado Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Eldorado Gold to competition |
| Fundamentals | Eldorado Gold | Peer Average |
| Return On Equity | 0.0315 | -0.31 |
| Return On Asset | 0.0227 | -0.14 |
| Profit Margin | 0.10 % | (1.27) % |
| Operating Margin | 0.23 % | (5.51) % |
| Current Valuation | 3.17 B | 16.62 B |
| Shares Outstanding | 203.96 M | 571.82 M |
| Shares Owned By Insiders | 0.68 % | 10.09 % |
| Shares Owned By Institutions | 77.42 % | 39.21 % |
| Number Of Shares Shorted | 5.88 M | 4.71 M |
| Price To Earning | 11.03 X | 28.72 X |
| Price To Book | 0.88 X | 9.51 X |
| Price To Sales | 3.08 X | 11.42 X |
| Revenue | 1.03 B | 9.43 B |
| Gross Profit | 378.03 M | 27.38 B |
| EBITDA | 446.5 M | 3.9 B |
| Net Income | 108.13 M | 570.98 M |
| Cash And Equivalents | 3 M | 2.7 B |
| Cash Per Share | 1.67 X | 5.01 X |
| Total Debt | 649.83 M | 5.32 B |
| Debt To Equity | 0.16 % | 48.70 % |
| Current Ratio | 3.61 X | 2.16 X |
| Book Value Per Share | 17.38 X | 1.93 K |
| Cash Flow From Operations | 360.31 M | 971.22 M |
| Short Ratio | 3.24 X | 4.00 X |
| Earnings Per Share | 0.54 X | 3.12 X |
| Price To Earnings To Growth | 10.65 X | 4.89 X |
| Target Price | 14.75 | |
| Number Of Employees | 4.7 K | 18.84 K |
| Beta | 1.24 | -0.15 |
| Market Capitalization | 3.11 B | 19.03 B |
| Total Asset | 4.96 B | 29.47 B |
| Retained Earnings | (2.48 B) | 9.33 B |
| Working Capital | 656.19 M | 1.48 B |
Eldorado Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Eldorado . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Eldorado Gold Buy or Sell Advice
When is the right time to buy or sell Eldorado Gold Corp? Buying financial instruments such as Eldorado Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Long Term Debt | 489.8M | 494.4M | 641.7M | 381.8M | Other Liabilities | 579.5M | 539.5M | 620.5M | 651.5M |
Use Investing Ideas to Build Portfolios
In addition to having Eldorado Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Munis Funds Thematic Idea Now
Munis Funds
Funds or Etfs that invest in fixed income securities issued by states, cities, and towns as well as other public entities. The Munis Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Munis Funds Theme or any other thematic opportunities.
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Check out Eldorado Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Eldorado Gold Corp information on this page should be used as a complementary analysis to other Eldorado Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Eldorado Stock analysis
When running Eldorado Gold's price analysis, check to measure Eldorado Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eldorado Gold is operating at the current time. Most of Eldorado Gold's value examination focuses on studying past and present price action to predict the probability of Eldorado Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eldorado Gold's price. Additionally, you may evaluate how the addition of Eldorado Gold to your portfolios can decrease your overall portfolio volatility.
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Is Eldorado Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eldorado Gold. If investors know Eldorado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.921 | Earnings Share 0.54 | Revenue Per Share 5.186 | Quarterly Revenue Growth 0.235 | Return On Assets 0.0227 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.