Eldorado Gold (TSE:ELD) Share Price Crosses Above Two Hundred Day Moving Average of $18.27

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$18.27 and traded as high as C$20.47. Eldorado Gold shares last traded at C$20.38, with a volume of 262,220 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Canaccord Genuity Group increased their target price on Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. National Bankshares boosted their price target on Eldorado Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Finally, Bank of America increased their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$21.48.

Eldorado Gold Stock Performance

The company has a current ratio of 3.50, a quick ratio of 2.28 and a debt-to-equity ratio of 18.65. The company has a market cap of C$4.16 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 56.20 and a beta of 1.23. The stock has a 50 day moving average price of C$20.87 and a two-hundred day moving average price of C$18.27.

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

Insiders Place Their Bets

In related news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$21.12, for a total value of C$211,200.00. In related news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$21.12, for a total value of C$211,200.00. Also, Director George Raymond Burns sold 12,820 shares of the stock in a transaction that occurred 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 three months, insiders have sold 308,804 shares of company stock worth $6,124,204. Company 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.