Eldorado Gold (TSE:ELD) Sets New 52-Week High – What’s Next?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s stock price reached a new 52-week high on Friday . The company traded as high as C$49.36 and last traded at C$48.98, with a volume of 224266 shares changing hands. The stock had previously closed at C$47.68.

Wall Street Analyst Weigh In

ELD has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and raised their price target for the stock from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. BMO Capital Markets raised their target price on shares of Eldorado Gold from C$50.00 to C$53.00 in a report on Thursday, November 27th. Finally, Bank of America boosted their target price on shares of Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$40.08.

Eldorado Gold Price Performance

The business has a 50-day moving average of C$40.53 and a two-hundred day moving average of C$35.06. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The firm has a market cap of C$9.87 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$0.27 EPS for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The firm had revenue of C$605.32 million for the quarter. On average, sell-side analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Insider Activity

In other Eldorado Gold news, insider Christian Milau purchased 2,700 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately C$417,617.10. The trade was a 31.43% increase in their ownership of the stock. 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.