Eldorado Gold (TSE:ELD) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.41 and traded as high as C$22.98. Eldorado Gold shares last traded at C$22.35, with a volume of 357,930 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on ELD shares. Cormark lowered their price objective on Eldorado Gold from C$33.50 to C$30.00 in a research report on Monday, February 10th. Stifel Nicolaus dropped their price target on shares of Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. BMO Capital Markets lowered their price objective on shares of Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday, February 7th. Finally, National Bankshares raised their target price on Eldorado Gold from C$25.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Eldorado Gold Price Performance

The stock has a market cap of C$3.29 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. 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 firm has a 50-day moving average price of C$21.16 and a 200-day moving average price of C$22.40.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Nicolae Stanca sold 4,235 shares of Eldorado Gold stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$13.92, for a total transaction of C$58,951.20. Also, Director George Raymond Burns sold 7,590 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$19.61, for a total value of C$148,853.56. Over the last 90 days, insiders sold 32,924 shares of company stock valued at $631,537. 0.58% of the stock is currently owned by company 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.