Eldorado Gold (TSE:ELD) Sets New 1-Year High – Here’s Why

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$58.53 and last traded at C$58.42, with a volume of 51704 shares trading hands. The stock had previously closed at C$57.62.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ELD shares. BMO Capital Markets lifted their price objective on shares of Eldorado Gold from C$50.00 to C$53.00 in a report on Thursday, November 27th. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and raised their target price for the company from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$40.08.

Eldorado Gold Price Performance

The stock has a market capitalization of C$11.73 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 56.20 and a beta of 1.38. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The company’s 50-day simple moving average is C$46.96 and its 200-day simple moving average is C$38.82.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The company had revenue of C$605.32 million for the quarter. As a group, sell-side 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 purchased 2,700 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the acquisition, the insider directly owned 11,290 shares of the company’s stock, valued at C$417,617.10. This trade represents a 31.43% increase in their position. Company insiders own 0.58% of the company’s stock.

About Eldorado Gold

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.