Eldorado Gold (EGO) stock prices forecast 2012

Eldorado Gold (EGO) stock prices forecast 2012 : Eldorado Gold Corp. (NYSE:EGO) is currently trading at $16.81. EGO is trading -6.01% below its 50 day moving average and -2.28% below its 200 day moving average. EGO is -24.01% below its 52-week high and 26.39% above its 52-week low. EGO’s PE ratio is 28.49 and their market cap is $9.27B.

Technical indicators for the stock are Bearish. For a hedged play on Eldorado Gold (EGO), look at the Jul '12 $15.00 covered call for a net debit in the $13.21 area. That is also the break-even stock price for this trade. This covered call has a duration of 234 days, provides 21.42% downside protection and an assigned return rate of 13.55% for an annualized return rate of 21.14% (for comparison purposes only).

A lower-cost hedged play for Eldorado Gold (EGO) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Eldorado Gold (EGO) Jan '13 $10.00 call and selling the Jul '12 $15.00 call for a total debit of $4.25. The trade has a lifespan of 234 days and would provide 15.23% downside protection and an assigned return rate of 17.65% for an annualized return rate of 28% (for comparison purposes only). Eldorado Gold (EGO) has a current annual dividend yield of 0.38% For more informations visit Stock Market Today

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