Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$21.49 and traded as high as C$24.25. Eldorado Gold shares last traded at C$23.49, with a volume of 265,997 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, National Bankshares raised their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.54.
Get Our Latest Report on Eldorado Gold
Eldorado Gold Stock Performance
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The firm had revenue of C$406.56 million during the quarter. As a group, equities analysts anticipate that Eldorado Gold Co. will post 2.1566697 earnings per share for the current year.
Insider Buying and Selling at Eldorado Gold
In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total transaction of C$136,611.54. Insiders sold a total of 14,988 shares of company stock valued at $334,328 in the last three months. Company insiders own 0.58% 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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