Eldorado Gold (TSE:ELD) Reaches New 52-Week Low at $11.51

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) reached a new 52-week low during trading on Thursday . The company traded as low as C$11.51 and last traded at C$11.86, with a volume of 141690 shares trading hands. The stock had previously closed at C$11.88.

A number of research firms recently commented on ELD. National Bank Financial boosted their price target on Eldorado Gold to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, May 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$12.25 target price on shares of Eldorado Gold in a research report on Friday, April 30th. Finally, National Bankshares lifted their target price on Eldorado Gold from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, May 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Eldorado Gold has an average rating of “Hold” and an average price target of C$17.39.

The business’s fifty day moving average is C$13.20. The company has a market cap of C$2.16 billion and a price-to-earnings ratio of 14.21. The company has a quick ratio of 2.41, a current ratio of 3.19 and a debt-to-equity ratio of 14.04.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, April 29th. The company reported C$0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.05). The company had revenue of C$284.46 million during the quarter. As a group, equities analysts anticipate that Eldorado Gold Co. will post 0.83 earnings per share for the current fiscal year.

In other news, Senior Officer Timothy Francis Garvin sold 12,600 shares of the company’s stock in a transaction that occurred on Friday, June 11th. The stock was sold at an average price of C$14.13, for a total transaction of C$178,038.00. Following the transaction, the insider now directly owns 64,882 shares of the company’s stock, valued at C$916,782.66. Also, Senior Officer Peter Dubois Lewis sold 24,358 shares of the company’s stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of C$12.81, for a total value of C$312,140.46. Following the transaction, the insider now directly owns 70,898 shares in the company, valued at C$908,536.60. Over the last three months, insiders sold 82,754 shares of company stock worth $1,071,531.

About Eldorado Gold (TSE:ELD)

Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.

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