Eldorado Gold (TSE:ELD) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$45.88 and traded as high as C$56.29. Eldorado Gold shares last traded at C$55.27, with a volume of 404,729 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ELD shares. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Canaccord Genuity Group lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Bank of America lifted their target price on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Stifel Nicolaus upped their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Eldorado Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.57.

Eldorado Gold Stock Performance

The stock’s 50-day moving average price is C$57.79 and its 200 day moving average price is C$45.88. The company has a quick ratio of 2.28, a current ratio of 1.83 and a debt-to-equity ratio of 30.34. The company has a market cap of C$10.94 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. The business had revenue of C$767.52 million during the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. As a group, research analysts expect that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Insiders Place Their Bets

In other Eldorado Gold news, insider Christian Milau bought 3,500 shares of the stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the acquisition, the insider directly owned 14,994 shares of the company’s stock, valued at C$878,498.46. This represents a 30.45% increase in their position. 0.58% of the stock is currently owned by insiders.

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.