Eldorado Gold (TSE:ELD) Hits New 12-Month High - Should You Buy?

Key Points

• Eldorado Gold (TSE:ELD) achieved a new 52-week high at C$36.02, signaling positive market performance with a last trading price of C$35.19.
• Wall Street analysts have increased their price targets for Eldorado Gold, with National Bankshares raising it to C$41.00 and Bank of America to C$33.50, reflecting an overall sentiment of a "Strong Buy."
• Insider trading activities have been noted, with senior officers selling a total of 28,051 shares valued at $800,261 in the last quarter, raising concerns about insider confidence.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO hit a new 52-week high on Thursday . The stock traded as high as C$36.02 and last traded at C$35.19, with a volume of 431952 shares traded. The stock had previously closed at C$35.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ELD shares. National Bankshares raised their target price on Eldorado Gold from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Bank of America upped their target price on Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Strong Buy" and an average target price of C$32.10.

Eldorado Gold Price Performance

The stock has a market cap of C$7.15 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 56.20 and a beta of 0.79. The company has a 50-day moving average of C$29.93 and a 200-day moving average of C$26.72. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37.

Insider Activity at Eldorado Gold

In related news, Senior Officer Graham Magnus Morrison sold 12,207 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of C$28.93, for a total value of C$353,092.36. Also, Senior Officer Nicolae Stanca sold 4,737 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$28.96, for a total value of C$137,172.62. Insiders have sold 28,051 shares of company stock worth $800,261 in the last quarter. Company insiders own 0.58% of the company's stock.

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.

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