How to Buy Eldorado Gold Stock
Eldorado Gold Corp
Eldorado Gold is a gold company located in British Columbia, Canada, which is part of the Basic Materials sector, and is traded under the ticker EGO on the NYSE exchange.
Eldorado Gold stock last closed at $19.86, up 0.3% from the previous day, and has increased 38.78% in one year. It has underperformed other stocks in the Gold industry by 0.14 percentage points. Eldorado Gold stock is currently +49.44% from its 52-week low of $13.29, and -3.83% from its 52-week high of $20.65.
There are currently 204.95M EGO shares outstanding. The market cap of EGO is $4.07B. In the last 24 hours, 1.34M EGO shares were traded.
How to Buy Eldorado Gold Stock
Not sure how to invest in Eldorado Gold stock? Here's how.
- Choose where to buy Eldorado Gold stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Eldorado Gold stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your payment method and add your information.
- Research Eldorado Gold stock: The Eldorado Gold ticker symbol is EGO. Is Eldorado Gold stock a good investment? Should you buy shares of EGO? How do EGO's underlying business fundamentals look? Do top analysts think Eldorado Gold is a good buy? Why has EGO's stock price moved recently? (Hint: Our stock research website can help you decide if EGO is a good stock to buy).
- Make your EGO buy order: Decide if you will purchase EGO shares at the current market price or use a limit order to purchase EGO shares at a particular price.
- Track your investment in EGO: Create a watchlist to important notifications about your position in Eldorado Gold shares.
Step 1: Choose where to buy Eldorado Gold stock
You will need a brokerage account to access the NYSE market and buy EGO shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you are able to invest in EGO stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new trading account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on the best stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring money into your investment account.
Step 4: Research Eldorado Gold stock
Once you have selected the best place to buy Eldorado Gold stock, it's crucial to research their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Eldorado Gold Metrics
EGO Due Diligence Score
WallStreetZen was created to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on EGO's stock page.
Is EGO stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge EGO's intrinsic value.
Using relative valuations ratios:
- EGO could be undervalued based on its P/E ratio of 13.99x, relative to Gold industry P/E ratio of 37.03x
- EGO may be undervalued based on its P/B ratio of 1.04x, relative to Gold industry P/B ratio of 2.49x
- EGO could be undervalued based on its PEG ratio of 0.73x
You can access more valuation research on EGO's stock here.
EGO Financial Health Summary
Signs that EGO is financially healthy:
- EGO earnings of $446.93M is not enough to cover its interest payments.
- EGO's operating cash flow of $645.25M allows it to safely service it's debt of $930.15M.
- EGO profit margin has gone up from 10.4% to 21.9% in the past year.
- There are more short-term assets than short-term liabilities on the EGO balance sheet.
Signs that EGO is not financially healthy:
- There are more long-term liabilities than short-term assets on the EGO balance sheet.
- EGO has a relatively high debt to equity ratio of 0.5.
- Total EGO debt is higher than 5 years ago, relative to shareholder equity.
Is EGO stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who give ratings on EGO, the consensus analyst rating on Eldorado Gold is a Hold
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Eldorado Gold stock forecast page.
EGO Technicals
EGO Earnings
Last year, EGO earnings were $289.12M. In the last 5 year, EGO's earnings have gone up by 22.73% per year. This was faster than the Gold industry average of 9.69%.
Last year, EGO revenue was $1.32B. Over the last five year, EGO's revenue has gone up by 16.44% per year. This was slower than the Gold industry average of 17.63%.
Find out more about EGO's earnings and revenue performance here.
Who is buying/selling EGO?
Over the past year, insiders at EGO have not bought or sold any shares.
Learn more about who owns EGO stock here.
Can I get consistent income from EGO stock?
No, Eldorado Gold doesn't provide an income stream by paying out dividends.
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Step 5: Make your EGO buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Click the Open Trade button and your broker will place the order.
If you want more info about investing in stocks on eToro, click the helpful video below:
Step 6: Track your investment in EGO
Now that you own some EGO stock, you'll want to stay up-to-date on your new shares.
Create a watchlist to see the latest developments about your EGO stock.
EGO Feed
How to Buy Stock in Eldorado Gold
To reiterate, here are the 6 steps to buy stock in Eldorado Gold:
- Choose where to buy Eldorado Gold stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Eldorado Gold stock
- Make your EGO buy order
- Track your investment in EGO
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Eldorado Gold, click the button below.
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