Shares of Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO) reached a new 52-week high on Thursday . The company traded as high as C$23.63 and last traded at C$23.17, with a volume of 82539 shares trading hands. The stock had previously closed at C$23.41.
Wall Street Analysts Forecast Growth
ELD has been the subject of a number of research analyst reports. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Bank of America raised their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. National Bankshares upped their price objective on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday. Stifel Nicolaus boosted their target price on Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday, April 19th. Finally, Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.54.
Get Our Latest Stock Analysis on ELD
Eldorado Gold Stock Down 2.0 %
Insiders Place Their Bets
In related news, Senior Officer Christos Balaskas sold 6,518 shares of the firm’s stock in a transaction dated Sunday, June 23rd. The stock was sold at an average price of C$20.60, for a total value of C$134,270.80. In other news, Senior Officer Christos Balaskas sold 6,518 shares of Eldorado Gold stock in a transaction on Sunday, June 23rd. The shares were 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 stock in a transaction on Friday, May 3rd. The stock was sold at an average price of C$19.64, for a total value of C$251,733.52. Insiders sold 296,750 shares of company stock worth $5,904,629 over the last three months. 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.
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