Eldorado Gold (TSE:ELD) Sets New 1-Year High – Still a Buy?

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$51.58 and last traded at C$51.42, with a volume of 112000 shares changing hands. The stock had previously closed at C$48.63.

Analyst Ratings Changes

A number of brokerages have weighed in on ELD. BMO Capital Markets increased their price target on Eldorado Gold from C$50.00 to C$53.00 in a report on Thursday, November 27th. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and upped their target price for the company from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$40.08.

Eldorado Gold Stock Performance

The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The firm has a market capitalization of C$10.09 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 56.20 and a beta of 1.38. The company’s 50 day moving average is C$42.95 and its 200-day moving average is C$36.77.

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

Insiders Place Their Bets

In other news, insider Christian Milau purchased 2,700 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of C$36.99 per share, for a total transaction of C$99,873.00. Following the completion of the acquisition, the insider owned 11,290 shares in the company, valued at approximately 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.