Provenance Gold Drills 3.07 gt Gold over 175.26m Including 21.7 gt Gold over 6.10m at Eldorado
| EGO Stock | USD 13.56 0.21 1.53% |
About 61% of Eldorado Gold's investor base is looking to short. The current sentiment regarding investing in Eldorado Gold Corp stock implies that many traders are alarmed. Eldorado Gold's investing sentiment overview a quick insight into current market opportunities from investing in Eldorado Gold Corp. Many technical investors use Eldorado Gold Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Eldorado |
HighlightsEC-01 returned 2.01 gt Au over 288.34m from surface including 3.07 gt Au over 175.26mDiscovered a new high-grade zone below the previously known mineralisation that returned 13.18 gt Au over 13.69m including 21.70 gt Au over 6.10mBulk composite samples of key mineralized zones with visible gold are being processed and assayed to ensure the full coarse fraction is being captured.Vancouver, British Columbia-- - Provenance Gold Corp. OTCQ
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Eldorado Gold Fundamental Analysis
We analyze Eldorado Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eldorado Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eldorado Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Liabilities
Current Liabilities Comparative Analysis
Eldorado Gold is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Eldorado Gold Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eldorado Gold stock to make a market-neutral strategy. Peer analysis of Eldorado Gold could also be used in its relative valuation, which is a method of valuing Eldorado Gold by comparing valuation metrics with similar companies.
Peers
Eldorado Gold Related Equities
| HMY | Harmony Gold | 5.10 | ||||
| KGC | Kinross Gold | 3.63 | ||||
| GFI | Gold Fields | 3.31 | ||||
| IAG | IAMGold | 0.18 | ||||
| AEM | Agnico Eagle | 0.36 |
Check out Eldorado Gold Hype Analysis, Eldorado Gold Correlation and Eldorado Gold Performance. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Metals & Mining space 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.
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.