Eldorado Gold (TSE:ELD) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$35.06 and traded as high as C$48.33. Eldorado Gold shares last traded at C$47.68, with a volume of 436,226 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and increased their price target for the company from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. BMO Capital Markets boosted their price target on Eldorado Gold from C$50.00 to C$53.00 in a report on Thursday, November 27th. Finally, Bank of America increased their price objective on Eldorado Gold from C$28.50 to C$33.50 in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$40.08.

Eldorado Gold Stock Performance

The stock’s 50-day moving average is C$40.74 and its 200-day moving average is C$35.21. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The stock has a market cap of C$9.86 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The company had revenue of C$605.32 million during the quarter. On average, analysts expect that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Insider Activity

In related news, insider Christian Milau purchased 2,700 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of C$36.99 per share, for a total transaction of C$99,873.00. Following the acquisition, the insider directly owned 11,290 shares in the company, valued at C$417,617.10. The trade was a 31.43% increase in their ownership of the stock. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.