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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 $14.07, up 0.72% from the previous day, and has increased 38.35% in one year. It has overperformed other stocks in the Gold industry by 0.48 percentage points. Eldorado Gold stock is currently +69.52% from its 52-week low of $8.30, and -0.85% from its 52-week high of $14.19.

At the moment, there are 203.14M shares of EGO outstanding. The market capitalization of EGO is $2.86B. In the past 24 hours, 2.59M EGO shares were traded.

How to Buy Eldorado Gold Stock

Wondering how to invest in Eldorado Gold stock? Here's how.
  1. Choose where to buy Eldorado Gold stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Eldorado Gold stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Choose your payment method and add your details.
  4. 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 tools can help you decide if EGO is a good stock to buy).
  5. Make your EGO buy order: Decide if you will purchase EGO shares at the current market price or use a limit order to buy EGO shares at a particular price.
  6. 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 need a brokerage account in order to access the NYSE market and buy EGO stock.

A brokerage account allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our research, eToro is the best brokerage. Here's why:

  • Invest in stocks with zero commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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  • Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptocurrencies.

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Step 2: Create your brokerage account

Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to invest in EGO stock today.

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  2. Enter your personal data to start a new brokerage account.
  1. Submit your info by clicking the "Create Account" button.
  2. Get started with eToro today
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Step 3: Deposit funds into your investment account

Now that you have opened your account on investing apps, you can securely and quickly fund your account:

Check out the video below for more details depositing money into your brokerage account.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Eldorado Gold stock

After you have chosen the best place to buy Eldorado Gold stock, it's important to research their stock prior to buying, so you truly comprehend the risk as well as the opportunity.

Eldorado Gold stock data

EGO Price
$14.07
1w %
5.63%
1y %
38.35%
5y %
199.36%
P/E
26.06x
P/B
0.81x
P/S
2.71x
PEG
0.4x
Revenue
$1.01B
Earnings
$104.63M
Fore. Rev. Growth
17.5%
Fore. Earn. Growth
79.63%
Market Cap
$2.86B
Next Earnings
Apr 25, 2024
Next Dividend
N/A

Eldorado Gold Fundamentals

WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on EGO's stock page.

Is EGO stock undervalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge EGO's intrinsic value.

Using relative valuations ratios:

  • EGO may be overvalued based on its P/E ratio of 26.06x, relative to Gold industry P/E ratio of 10.81x
  • EGO could be undervalued based on its P/B ratio of 0.81x, relative to Gold industry P/B ratio of 1.6x
  • EGO could be undervalued based on its PEG ratio of 0.4x

You can do more valuation analysis on EGO's stock here.

EGO Financial Health Summary

Signs that EGO is financially healthy:

  • There are more short-term assets than short-term liabilities on the EGO balance sheet.
  • EGO has $546.20M in cash and short term investments. This is enough to cover its annual cash burn of $34.82M.
  • EGO profit margin has gone up from -40.6% to 10.4% in the past year.
  • EGO has cash burn of 34818000. It has enough cash and short-term investments to cover this for at least one year.

Signs that EGO is not financially healthy:

  • EGO has a relatively high debt to equity ratio of 0.42.
  • There are more long-term liabilities than short-term assets on the EGO balance sheet.
  • Total EGO debt is higher than 5 years ago, relative to shareholder equity.

You can dive deeper into what analysts are projecting on the Eldorado Gold stock forecast page.

Metrics for Advanced EGO Traders

SMA10
13.43
SMA20
12.75
SMA50
12.13
SMA100
12.15
SMA200
10.96
MACD
0.58
MACD Signal
0.44
MACD Histogram
0.14
RSI
76.92
Stochastic %K
91.06
Stochastic %D
86.48
StochRSI %K
100
StochRSI %D
99.84

EGO Revenue

Last year, EGO earnings were $104.63M. During the last 4 year, EGO's earnings have gone up by 1.44% per year. This was slower than the Gold industry average of 17.76%.

Last year, EGO revenue was $1.01B. During the past 5 year, EGO's revenue has grown by 17.05% per year. This was faster than the Gold industry average of 15.51%.

Learn more about EGO's earnings and revenue performance here.

Are EGO insiders buying or selling the stock?

In the past 12 months, executives and large shareholders at EGO have not bought or sold any shares.

Get more info 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.

EGO Social Trading Data

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Make your EGO buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally 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 sure you're buying or selling at a specific price, place a limit order.

Hit the Open button and your broker will execute your order.

If you want additional help investing in stocks on eToro, watch the helpful video below:

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Step 6: Track your investment in EGO

Now that you own some EGO shares, you'll want to stay up-to-date on your stock purchase.

Start a watchlist to monitor your EGO stock.

EGO Feed

How to Buy Stock in Eldorado Gold

To summarize, here are the 6 steps to buy Eldorado Gold stock:

  1. Choose where to buy Eldorado Gold stock
  2. Create your brokerage account
  3. Deposit funds into your investment account
  4. Research Eldorado Gold stock
  5. Make your EGO buy order
  6. Track your investment in EGO

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your investment in Eldorado Gold, click the button below.

NYSE: EGO
$14.07+0.10 (+0.72%)
Updated Mar 28, 2024
Open eToro Account
NYSE: EGO
$14.07+0.10 (+0.72%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Eldorado Gold share?

As of Mar 28, 2024, it costs $14.07 to buy one share of Eldorado Gold stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.498 shares of EGO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Eldorado Gold stock?

One way to place an order for Eldorado Gold stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.