Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO) hit a new 52-week high during trading on Thursday . The company traded as high as C$23.63 and last traded at C$23.17, with a volume of 82539 shares trading hands. The stock had previously closed at C$23.41.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. Canaccord Genuity Group upped their price target on Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. Stifel Nicolaus upped their price target on Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday, April 19th. Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$14.00 to C$20.00 in a research report on Wednesday, May 29th. Finally, Bank of America increased their price objective on Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$22.54.
Eldorado Gold Trading Up 0.5 %
Insider Buying and Selling at Eldorado Gold
In other Eldorado Gold news, Senior Officer Paul Anthony Ferneyhough sold 12,358 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$21.66, for a total value of C$267,656.98. In other news, Senior Officer Paul Anthony Ferneyhough sold 12,358 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$21.66, for a total transaction of C$267,656.98. Also, Senior Officer Christos Balaskas sold 3,186 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of C$20.29, for a total value of C$64,633.74. Insiders have sold a total of 283,930 shares of company stock valued at $5,652,895 in the last 90 days. 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.
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