Eldorado Gold (TSE:ELD) Shares Cross Above 200 Day Moving Average – Should You 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$45.88 and traded as high as C$56.29. Eldorado Gold shares last traded at C$55.27, with a volume of 404,729 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Canaccord Genuity Group cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. BMO Capital Markets upped their target price on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. ATB Cormark Capital Markets reduced their price target on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Finally, Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold has an average rating of “Moderate Buy” and a consensus price target of C$61.57.

Eldorado Gold Trading Down 0.6%

The company has a market cap of C$10.88 billion, a P/E ratio of 22.24, a P/E/G ratio of 56.20 and a beta of 1.24. The business’s 50-day moving average price is C$57.88 and its 200 day moving average price is C$46.04. The company has a debt-to-equity ratio of 30.34, a quick ratio of 2.28 and a current ratio of 1.83.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. The company had revenue of C$767.52 million for the quarter. As a group, analysts expect that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Insider Activity

In other Eldorado Gold news, insider Christian Milau bought 3,500 shares of Eldorado Gold stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of C$58.59 per share, for a total transaction of C$205,065.00. Following the purchase, the insider owned 14,994 shares of the company’s stock, valued at C$878,498.46. The trade was a 30.45% increase in their position. 0.58% of the stock is currently owned by insiders.

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.