Eldorado Gold (TSE:ELD) Sets New 1-Year High – Still a Buy?

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) hit a new 52-week high on Monday . The company traded as high as C$51.58 and last traded at C$51.42, with a volume of 112000 shares traded. The stock had previously closed at C$48.63.

Analyst Ratings Changes

ELD has been the subject of several research reports. BMO Capital Markets increased their target price on Eldorado Gold from C$50.00 to C$53.00 in a research report on Thursday, November 27th. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, Eldorado Gold has an average rating of “Buy” and a consensus price target of C$40.08.

Eldorado Gold Price Performance

The company has a fifty day simple moving average of C$42.95 and a 200 day simple moving average of C$36.77. The stock has a market capitalization of C$10.09 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 56.20 and a beta of 1.38. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$605.32 million during the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%. Equities research analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Insider Transactions at Eldorado Gold

In other news, insider Christian Milau purchased 2,700 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of C$36.99 per share, for a total transaction of C$99,873.00. Following the transaction, the insider owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This trade represents a 31.43% increase in their ownership of the stock. Insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.