Eldorado Gold (TSE:ELD) Hits New 12-Month High - Still a Buy?

Key Points

• Eldorado Gold's share price achieved a new 52-week high of C$36.94, reflecting strong trading activity with 419,471 shares exchanged.
• Analysts have raised their target prices for Eldorado Gold, with the consensus now at C$32.10, signaling a strong bullish outlook for the stock.
• Recent insider sales indicate that company executives have sold stock valued over $1.18 million, with insiders currently owning only 0.58% of shares.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$36.94 and last traded at C$36.31, with a volume of 419471 shares trading hands. The stock had previously closed at C$36.37.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. National Bankshares upped their target price on Eldorado Gold from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Bank of America increased their price target on Eldorado Gold from C$28.50 to C$33.50 in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Strong Buy" and a consensus target price of C$32.10.

Eldorado Gold Stock Down 0.2%

The firm has a market cap of C$7.38 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 56.20 and a beta of 0.82. The stock's 50 day simple moving average is C$30.59 and its 200 day simple moving average is C$27.21. 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 Buying and Selling

In other news, Senior Officer Per Niklas Frank sold 11,107 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$27.91, for a total value of C$309,996.37. Also, Senior Officer Graham Magnus Morrison sold 12,207 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of C$28.93, for a total value of C$353,092.36. Over the last ninety days, insiders have sold 39,642 shares of company stock valued at $1,183,017. 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.

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