Eldorado Gold (TSE:ELD) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$47.60 and traded as high as C$48.32. Eldorado Gold shares last traded at C$45.78, with a volume of 661,511 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and raised their price target for the stock from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Bank of America increased their target price on Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Stifel Nicolaus upped their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$61.57.

Eldorado Gold Stock Performance

The company has a debt-to-equity ratio of 30.34, a current ratio of 1.83 and a quick ratio of 2.28. The stock has a fifty day moving average price of C$57.09 and a two-hundred day moving average price of C$47.60. The company has a market cap of C$9.09 billion, a P/E ratio of 18.53, a PEG ratio of 56.20 and a beta of 1.24.

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

Insider Buying and Selling at Eldorado Gold

In related news, insider Christian Milau acquired 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average cost of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the purchase, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. This trade represents a 30.45% increase in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,492 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the completion of the sale, the insider directly owned 8,427 shares of the company’s stock, valued at C$431,630.94. The trade was a 39.46% decrease in their position. 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.