Eldorado Gold (TSE:ELD) Shares Pass Above 200 Day Moving Average of $18.52

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$18.52 and traded as high as C$20.26. Eldorado Gold shares last traded at C$20.26, with a volume of 232,922 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$14.00 to C$20.00 in a research report on Wednesday, May 29th. National Bankshares boosted their price target on Eldorado Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Canaccord Genuity Group upped their price objective on Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. Stifel Nicolaus upped their price objective on Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Finally, National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$21.48.

Eldorado Gold Price Performance

The stock has a 50 day moving average price of C$20.85 and a two-hundred day moving average price of C$18.54. The company has a debt-to-equity ratio of 18.65, a quick ratio of 2.28 and a current ratio of 3.50. The company has a market capitalization of C$4.32 billion, a PE ratio of 25.54, a P/E/G ratio of 56.20 and a beta of 1.23.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.36 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.15. Eldorado Gold had a return on equity of 3.56% and a net margin of 11.45%. The company had revenue of C$347.78 million during the quarter. Equities analysts forecast that Eldorado Gold Co. will post 1.4664843 earnings per share for the current year.

Insider Activity

In other news, Director George Raymond Burns sold 12,820 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of C$19.64, for a total transaction of C$251,733.52. In other Eldorado Gold news, Senior Officer Christos Balaskas sold 6,518 shares of the firm’s stock in a transaction that occurred on Sunday, June 23rd. The stock was sold at an average price of C$20.60, for a total value of C$134,270.80. Also, Director George Raymond Burns sold 12,820 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of C$19.64, for a total value of C$251,733.52. In the last quarter, insiders have sold 304,292 shares of company stock valued at $6,057,269. Insiders own 0.70% of the company’s stock.

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.