Eldorado Gold (TSE:ELD) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.45 and traded as high as C$25.21. Eldorado Gold shares last traded at C$25.19, with a volume of 483,733 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on ELD. National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Cormark lowered their target price on shares of Eldorado Gold from C$33.50 to C$30.00 in a report on Monday, February 10th. National Bankshares raised their price objective on Eldorado Gold from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Finally, BMO Capital Markets reduced their target price on Eldorado Gold from C$29.00 to C$27.00 in a report on Friday, February 7th.

Eldorado Gold Trading Up 4.1 %

The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The stock has a 50-day moving average price of C$21.47 and a two-hundred day moving average price of C$22.45. The stock has a market capitalization of C$3.63 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Insider Activity

In related news, Senior Officer Joseph Dennis Dick sold 9,275 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$20.22, for a total transaction of C$187,540.50. Also, Senior Officer Mehmet Yilmaz sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$22.32, for a total transaction of C$111,600.00. In the last 90 days, insiders have sold 40,924 shares of company stock worth $811,687. Corporate insiders own 0.58% of the company’s stock.

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.