Eldorado Gold (TSE:ELD) Share Price Crosses Above 200-Day Moving Average of $18.27

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.27 and traded as high as C$20.47. Eldorado Gold shares last traded at C$20.38, with a volume of 262,220 shares.

Analyst Upgrades and Downgrades

ELD has been the subject of several recent research reports. Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$14.00 to C$20.00 in a research note on Wednesday, May 29th. Canaccord Genuity Group increased their price target on shares of Eldorado Gold from C$19.00 to C$23.00 in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on shares of Eldorado Gold from C$21.00 to C$23.00 in a research note on Friday, April 26th. National Bankshares increased their target price on shares of Eldorado Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Finally, National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$21.48.

Read Our Latest Stock Analysis on ELD

Eldorado Gold Price Performance

The company has a market cap of C$4.27 billion, a P/E ratio of 24.64, a P/E/G ratio of 56.20 and a beta of 1.23. 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 50-day simple moving average of C$20.84 and a 200 day simple moving average of C$18.30.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last posted its quarterly earnings results 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 for the quarter. Eldorado Gold had a net margin of 11.45% and a return on equity of 3.56%. On average, equities analysts expect that Eldorado Gold Co. will post 1.4664843 EPS for the current year.

Insider Activity

In other Eldorado Gold news, Director George Raymond Burns sold 199,010 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$20.60, for a total value of C$4,100,183.13. In other Eldorado Gold news, Director George Raymond Burns sold 199,010 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$20.60, for a total value of C$4,100,183.13. Also, Senior Officer Mehmet Yilmaz sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total transaction of C$34,675.00. In the last ninety days, insiders have sold 308,804 shares of company stock worth $6,124,204. Company insiders own 0.70% of the company’s stock.

Eldorado Gold Company Profile

(Get Free Report)

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.

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