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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.82 and traded as high as C$57.72. Eldorado Gold shares last traded at C$57.62, with a volume of 167,609 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ELD. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. BMO Capital Markets raised their price target on Eldorado Gold from C$50.00 to C$53.00 in a report on Thursday, November 27th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Eldorado Gold has an average rating of “Buy” and a consensus target price of C$40.08.

Eldorado Gold Stock Performance

The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The company has a market cap of C$12.61 billion, a P/E ratio of 34.85, a P/E/G ratio of 56.20 and a beta of 1.38. The stock’s fifty day moving average price is C$47.36 and its two-hundred day moving average price is C$39.04.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. The firm 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%. As a group, equities analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau bought 2,700 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the completion of the purchase, the insider owned 11,290 shares in the company, valued at C$417,617.10. The trade was a 31.43% increase in their ownership of the stock. 0.58% of the stock is currently owned by corporate insiders.

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.