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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$58.53 and last traded at C$58.42, with a volume of 51704 shares changing hands. The stock had previously closed at C$57.62.

Wall Street Analyst Weigh In

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

Eldorado Gold Stock Up 0.5%

The stock has a market capitalization of C$12.53 billion, a P/E ratio of 34.62, a P/E/G ratio of 56.20 and a beta of 1.38. 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’s 50 day simple moving average is C$47.79 and its 200 day simple moving average is C$39.20.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, October 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business 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, research analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Insiders Place Their Bets

In other Eldorado Gold news, insider Christian Milau purchased 2,700 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of C$36.99 per share, with a total value of C$99,873.00. Following the acquisition, the insider owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This represents a 31.43% increase in their position. 0.58% of the stock is currently owned by insiders.

About Eldorado Gold

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.