Eldorado Gold (TSE:ELD) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) passed 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 trading hands.

Wall Street Analyst Weigh In

ELD has been the subject of several recent analyst reports. BMO Capital Markets decreased their price target on Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday, February 7th. Stifel Nicolaus dropped their price target on shares of Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th. Cormark dropped their target price on shares of Eldorado Gold from C$33.50 to C$30.00 in a report on Monday, February 10th. 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 report on Wednesday.

Eldorado Gold Price Performance

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

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Director George Raymond Burns sold 7,590 shares of the 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. Also, Senior Officer Joseph Dennis Dick sold 9,275 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$20.22, for a total value of C$187,540.50. Insiders have sold 32,924 shares of company stock valued at $631,537 over the last quarter. 0.58% of the stock is currently owned by company insiders.

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.