Eldorado Gold (TSE:ELD) Hits New 52-Week High at $19.00

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$19.00 and last traded at C$18.85, with a volume of 100838 shares traded. The stock had previously closed at C$18.44.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ELD shares. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Wednesday, January 3rd. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. National Bankshares cut their price objective on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Stifel Nicolaus cut Eldorado Gold from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$15.50 to C$17.25 in a report on Friday, January 26th. Finally, BMO Capital Markets lifted their price objective on Eldorado Gold from C$17.00 to C$18.00 in a report on Wednesday, December 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$18.06.

Eldorado Gold Price Performance

The stock has a market cap of C$3.87 billion, a P/E ratio of 26.08, a PEG ratio of 56.20 and a beta of 1.13. The company has a 50 day simple moving average of C$16.34 and a 200 day simple moving average of C$15.56. The company has a current ratio of 3.39, a quick ratio of 2.28 and a debt-to-equity ratio of 18.60.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, February 22nd. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.05. The firm had revenue of C$417.85 million for the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. Sell-side analysts forecast that Eldorado Gold Co. will post 0.9598263 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$18.24, for a total transaction of C$166,531.20. In related news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total transaction of C$34,675.00. Also, Senior Officer Peter Jonathan Lind sold 9,130 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$18.24, for a total value of C$166,531.20. Insiders have sold 41,338 shares of company stock valued at $684,168 in the last 90 days. 0.69% of the stock is currently owned by 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.