Eldorado Gold (TSE:ELD) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$22.30 and traded as high as C$23.31. Eldorado Gold shares last traded at C$22.89, with a volume of 718,521 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. National Bankshares raised their price objective on shares of Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Stifel Nicolaus lifted their price target on Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group upped their price objective on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$23.76.

Eldorado Gold Stock Performance

The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The company has a market cap of C$4.69 billion, a P/E ratio of 19.08, a P/E/G ratio of 56.20 and a beta of 1.22. The firm has a 50 day moving average price of C$23.83 and a 200-day moving average price of C$22.30.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the company’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. Over the last 90 days, insiders sold 13,920 shares of company stock worth $320,985. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

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.