Eldorado Gold (TSE:ELD) Reaches New 52-Week High – Here’s What Happened

by · The Cerbat Gem

Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$67.95 and last traded at C$67.88, with a volume of 100050 shares. The stock had previously closed at C$63.30.

Wall Street Analyst Weigh In

ELD has been the subject of several analyst reports. BMO Capital Markets raised their price objective on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday. Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating and increased their price target for the company from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$43.58.

View Our Latest Stock Analysis on Eldorado Gold

Eldorado Gold Price Performance

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 capitalization of C$13.29 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 56.20 and a beta of 1.38. The company’s 50 day moving average is C$48.73 and its 200-day moving average is C$39.78.

Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last released its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share (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. Equities research analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Insider Buying and Selling

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

Eldorado Gold Company Profile

(Get Free Report)

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.

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