Eldorado Gold (TSE:ELD) Shares Cross Above 200 Day Moving Average of $18.67

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.67 and traded as high as C$22.26. Eldorado Gold shares last traded at C$22.04, with a volume of 290,648 shares changing hands.

Wall Street Analyst Weigh In

ELD has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on Eldorado Gold from C$21.00 to C$23.00 in a research report on Friday, April 26th. Stifel Nicolaus upped their target price on Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. National Bankshares upped their target price on Eldorado Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Finally, Cibc World Mkts upgraded Eldorado Gold to a “strong-buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and a consensus price target of C$21.48.

Eldorado Gold Stock Down 0.3 %

The company has a debt-to-equity ratio of 18.65, a quick ratio of 2.28 and a current ratio of 3.50. The stock has a market capitalization of C$4.60 billion, a PE ratio of 27.19, a PEG ratio of 56.20 and a beta of 1.23. The business has a 50 day moving average of C$21.06 and a two-hundred day moving average of C$18.73.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$0.36 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.15. The firm had revenue of C$347.78 million during the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 11.45%. Analysts predict that Eldorado Gold Co. will post 1.4664843 EPS for the current year.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Paul Anthony Ferneyhough sold 12,358 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$21.66, for a total value of C$267,656.98. In other news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$21.12, for a total value of C$211,200.00. Also, Senior Officer Paul Anthony Ferneyhough sold 12,358 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$21.66, for a total value of C$267,656.98. Over the last ninety days, insiders sold 304,292 shares of company stock worth $6,057,269. 0.70% of the stock is owned by insiders.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.