Eldorado Gold (TSE:ELD) Stock Crosses Above 200 Day Moving Average of $18.67

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.67 and traded as high as C$22.26. Eldorado Gold shares last traded at C$22.04, with a volume of 290,648 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on ELD shares. BMO Capital Markets boosted their target price on Eldorado Gold from C$21.00 to C$23.00 in a report on Friday, April 26th. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a research note on Wednesday. Bank of America increased their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. Stifel Nicolaus increased their price objective on Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday, April 19th. Finally, Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$14.00 to C$20.00 in a research report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$21.48.

Eldorado Gold Trading Down 0.3 %

The firm has a market capitalization of C$4.60 billion, a PE ratio of 27.19, a P/E/G ratio of 56.20 and a beta of 1.23. The business has a 50 day moving average price of C$21.06 and a 200-day moving average price of C$18.73. The company has a current ratio of 3.50, a quick ratio of 2.28 and a debt-to-equity ratio of 18.65.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.36 earnings per share for the quarter, beating the consensus estimate of C$0.21 by C$0.15. The firm had revenue of C$347.78 million during the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 11.45%. Analysts expect that Eldorado Gold Co. will post 1.4664843 earnings per share for the current year.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Christos Balaskas sold 6,518 shares of the firm’s stock in a transaction on Sunday, June 23rd. The stock was sold at an average price of C$20.60, for a total transaction of C$134,270.80. In other news, Senior Officer Christos Balaskas sold 6,518 shares of the firm’s stock in a transaction on Sunday, June 23rd. The stock was sold at an average price of C$20.60, for a total transaction of C$134,270.80. Also, Director George Raymond Burns sold 12,820 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of C$19.64, for a total value of C$251,733.52. Over the last 90 days, insiders sold 304,292 shares of company stock valued at $6,057,269. Corporate insiders own 0.70% of the company’s stock.

About Eldorado Gold

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.