A Look Ahead For 2 Stocks: Eldorado Gold Corporation (EGO), Sociedad Quimica y Minera de Chile S.A. (SQM)

Shares of Eldorado Gold Corporation (NYSE:EGO) opened at $0.99, and ended 1.62% higher at $0.98. Nearly 14.38 million shares were traded by the close, higher than its average daily volume of 11.09 million shares.

Eldorado Gold Corporation (EGO) Analyst Opinion

Eldorado Gold Corporation has a consensus hold rating from 16 Wall Street analysts, and the number of shares currently sold short amount to at least 4.66% of shares outstanding. The stock sank -11.38% last month and is down -31.21 this year. Wall Street is only getting neutral on the stock, with 3 of analysts who cover EGO having a buy-equivalent rating. Analysts have placed a $1.98 price target on Eldorado Gold Corporation, suggesting a 102.04% gain from recent close. It’s currently trading about -73.98% below its 52-week high.

Eldorado Gold Corporation Earnings Surprise

Eldorado Gold Corporation (EGO) failed to surprise the stock market in its last reported earnings when it earned 0 a piece versus the consensus-estimated 0. Its revenue totaled $111.29 million up 16.72% from the previous quarter.

Eldorado Gold Corporation (NYSE:EGO) Intraday View

This stock (EGO) is ahead of its 52-week low with 22.66%. Its last month’s stock price volatility remained 5.92% which for the week stands at 5.88%. The share price has moved forward from its 20 days moving average, trading at a distance of 1.89% and stays -9.05% away from its 50 days moving average. Over the last five days, shares have managed 8.42% gains and now is down -39.89% since hitting its 200-day moving average of $1.3546. Eldorado Gold Corporation (EGO) has made its way to a 12-month decline of -71.65%.

Turning to Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM), its shares were trading at $52.75 a gain of $0.95, on the trading floor. The stock, after opening at $52.77, touched a high of $53.05 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.4. Sociedad Quimica y Minera de Chile S.A. has 4 buy ratings, 4 holds and 0 sells even after the stock tumbled -17.83% from its high of $64.20 to a $13.63 billion market value through last close.

Sociedad Quimica y Minera de Chile S.A. (SQM) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.33 to 2.31 during a month. Analysts set a 12-month price target of $58.83 a share. The target implies a 11.53% spike from where the shares are currently trading. Also, the current price highlights a discount of 31.28% to analysts’ high consensus price target.

Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) Intraday Trading

The counter witnessed a trading volume of 1.02 million shares versus an average volume of 1.56 million shares during last trading session. Its last month’s stock price volatility remained 2.81% which for the week approaches 2.9%. The lowest price the stock reached in the last trading day was $52.33 and compares with the $32.38 52-week low. The stock recovered 62.91% since its low point and has performed -11.15% year-to-date.

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