Taking this into account, RBC Capital Mkts upgraded its Eldorado Gold Corp [EGO] rating to an Outperform from a a Sector perform in a research note published on May 29, 2024; the price target was increased to $20 from $14. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid October from “a Hold” to “a Buy”. Stifel revised its rating on April 20, 2023. It rated EGO as “a Hold” which previously was an “a Buy”.
Price Performance Review of EGO
On Monday, Eldorado Gold Corp [NYSE:EGO] saw its stock jump 0.30% to $19.86. Over the last five days, the stock has gained 2.69%. Eldorado Gold Corp shares have risen nearly 33.56% since the year began. Nevertheless, the stocks have risen 32.75% over the past one year. While a 52-week high of $20.31 was reached on 04/21/25, a 52-week low of $13.29 was recorded on 02/21/25. SMA at 50 days reached $15.78, while 200 days put it at $16.29.
Levels Of Support And Resistance For EGO Stock
The 24-hour chart illustrates a support level at 19.40, which if violated will result in even more drops to 18.93. On the upside, there is a resistance level at 20.49. A further resistance level may holdings at 21.11. The Relative Strength Index (RSI) on the 14-day chart is 71.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.77%. Stochastics %K at 88.29% indicates the stock is a selling.
How much short interest is there in Eldorado Gold Corp?
A steep rise in short interest was recorded in Eldorado Gold Corp stocks on 2025-03-31, growing by 0.82 million shares to a total of 6.85 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.03 million shares. There was a rise of 12.0%, which implies that there is a positive sentiment for the stock.
