Eldorado Gold (TSE:ELD) Stock Passes Above 200-Day Moving Average – Should You Sell?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.41 and traded as high as C$22.98. Eldorado Gold shares last traded at C$22.35, with a volume of 357,930 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently commented on ELD. Cormark dropped their price target on shares of Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th. Stifel Nicolaus decreased their price target on shares of Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. BMO Capital Markets cut their price target on shares of Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday, February 7th. Finally, National Bankshares dropped their target price on shares of Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th.

Eldorado Gold Trading Up 1.0 %

The company’s fifty day simple moving average is C$21.18 and its two-hundred day simple moving average is C$22.41. The company has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Graham Magnus Morrison sold 11,375 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$19.99, for a total transaction of C$227,386.25. Also, Senior Officer Joseph Dennis Dick sold 9,275 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$20.22, for a total transaction of C$187,540.50. Over the last quarter, insiders have sold 32,924 shares of company stock valued at $631,537. 0.58% of the stock is currently owned by corporate insiders.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.