Eldorado Gold (TSE:ELD) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$23.45 and traded as high as C$29.22. Eldorado Gold shares last traded at C$29.10, with a volume of 367,794 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$25.00 to C$29.00 in a research note on Monday, April 21st. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares upped their price objective on shares of Eldorado Gold from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Finally, Cormark lowered their price objective on shares of Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th.

Eldorado Gold Trading Up 0.5%

The company has a market capitalization of C$4.20 billion, a P/E ratio of 15.15, a P/E/G ratio of 56.20 and a beta of 1.22. The stock’s 50 day moving average is C$26.41 and its 200-day moving average is C$23.45. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28.

Insider Buying and Selling

In other Eldorado Gold news, Director George Raymond Burns sold 70,592 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$29.30, for a total value of C$2,068,430.31. Also, Senior Officer Mehmet Yilmaz sold 10,798 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of C$28.70, for a total transaction of C$309,917.72. Insiders sold a total of 163,083 shares of company stock valued at $4,690,275 over the last three months. Corporate 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.