Eldorado Gold (TSE:ELD) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.45 and traded as high as C$25.21. Eldorado Gold shares last traded at C$25.19, with a volume of 483,733 shares changing hands.

Analysts Set New Price Targets

ELD has been the topic of a number of analyst reports. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares lifted their target price on Eldorado Gold from C$25.00 to C$29.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. BMO Capital Markets decreased their target price on Eldorado Gold from C$29.00 to C$27.00 in a report on Friday, February 7th. Finally, Cormark dropped their price objective on shares of Eldorado Gold from C$33.50 to C$30.00 in a research report on Monday, February 10th.

Eldorado Gold Stock Performance

The company has a fifty day moving average price of C$21.62 and a two-hundred day moving average price of C$22.50. The firm has a market cap of C$3.59 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Joseph Dennis Dick sold 9,275 shares of Eldorado Gold stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total value of C$187,540.50. Also, Senior Officer Nicolae Stanca sold 4,235 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$13.92, for a total value of C$58,951.20. Insiders sold 40,924 shares of company stock valued at $811,687 in the last quarter. Company 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.