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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.24 and traded as high as C$39.34. Eldorado Gold shares last traded at C$39.15, with a volume of 507,646 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on ELD shares. Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. Bank of America increased their price target on Eldorado Gold from C$28.50 to C$33.50 in a report on Friday, August 29th. Finally, National Bankshares raised their price target on Eldorado Gold from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, Eldorado Gold has a consensus rating of “Buy” and a consensus target price of C$35.75.

Eldorado Gold Stock Performance

The stock has a fifty day moving average of C$38.46 and a 200-day moving average of C$32.24. The firm has a market capitalization of C$7.87 billion, a P/E ratio of 21.75, a P/E/G ratio of 56.20 and a beta of 1.33. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly 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%. On average, research analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau acquired 2,700 shares of Eldorado Gold stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the purchase, the insider directly owned 11,290 shares in the company, valued at approximately C$417,617.10. This represents a 31.43% increase in their position. Also, insider Ryan Swedburg sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$33.43, for a total value of C$205,694.79. Following the completion of the transaction, the insider owned 2,617 shares of the company’s stock, valued at C$87,486.31. The trade was a 70.16% decrease in their position. Over the last ninety days, insiders have sold 20,091 shares of company stock worth $679,773. 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.