Eldorado Gold (TSE:ELD) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.80 and traded as high as C$24.15. Eldorado Gold shares last traded at C$24.11, with a volume of 626,620 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ELD. National Bankshares boosted their price objective on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Cibc World Mkts raised shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group raised their price objective on shares of Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. 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. Based on data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and a consensus target price of C$22.54.

Eldorado Gold Trading Down 0.1 %

The company’s 50 day moving average price is C$23.43 and its 200 day moving average price is C$21.86. The firm has a market cap of C$5.05 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.09. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. The firm had revenue of C$406.56 million during the quarter. As a group, analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Insider Activity

In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the 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. Also, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. In the last three months, insiders have sold 14,988 shares of company stock worth $334,328. 0.58% of the stock is currently owned by corporate insiders.

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.