Eldorado Gold (TSE:ELD) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened
by Sarita Garza · The Markets DailyEldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$49.14 and traded as high as C$63.35. Eldorado Gold shares last traded at C$62.08, with a volume of 1,774,380 shares.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on ELD shares. National Bank Financial lifted their target price on Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Jefferies Financial Group raised Eldorado Gold to a “strong-buy” rating in a research note on Thursday, August 20th. Canaccord Genuity Group lifted their price objective on Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Finally, Stifel Nicolaus raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$62.50.
Get Our Latest Analysis on ELD
Eldorado Gold Stock Performance
The company has a market cap of C$15.58 billion, a PE ratio of 21.26, a PEG ratio of 56.20 and a beta of 1.43. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. The business’s 50 day moving average is C$49.49 and its two-hundred day moving average is C$49.11.
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. The business had revenue of C$692.57 million during the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. On average, equities research analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current year.
Insider Activity at Eldorado Gold
In other Eldorado Gold news, insider Per Niklas Frank sold 9,524 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the completion of the sale, the insider directly owned 16,777 shares of the company’s stock, valued at C$721,746.54. This trade represents a 36.21% decrease in their position. Also, insider Mehmet Yilmaz sold 5,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the sale, the insider directly owned 27,543 shares of the company’s stock, valued at approximately C$1,223,460.06. This trade represents a 15.36% decrease in their ownership of the stock. In the last three months, insiders have purchased 75 shares of company stock worth $3,347 and have sold 21,915 shares worth $949,783. 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.