Eldorado Gold (TSE:ELD) Reaches New 1-Year High - Should You Buy?

Key Points

• Eldorado Gold's stock reached a new 52-week high of C$40.40, closing at C$40.15 with a trading volume of 44,573 shares.
• Analysts have increased price targets for Eldorado Gold, with National Bankshares raising it from C$38.00 to C$41.00 and Bank of America from C$28.50 to C$33.50, indicating strong market interest.
• Recent insider sales have occurred, with total transactions amounting to C$679,773 over the last three months, reducing insider ownership to 0.58%.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$40.40 and last traded at C$40.15, with a volume of 44573 shares. The stock had previously closed at C$39.38.

Analysts Set New Price Targets

ELD has been the topic of a number of recent research reports. National Bankshares lifted their price target on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Bank of America lifted their price target on shares of Eldorado Gold from C$28.50 to C$33.50 in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy" and a consensus price target of C$32.10.

Eldorado Gold Trading Up 0.6%

The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The stock has a market capitalization of C$8.05 billion, a P/E ratio of 19.91, a P/E/G ratio of 56.20 and a beta of 0.82. The firm's 50 day simple moving average is C$32.43 and its two-hundred day simple moving average is C$28.38.

Insider Transactions at Eldorado Gold

In other news, insider Ryan Swedburg sold 6,153 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$33.43, for a total transaction of C$205,694.79. Following the completion of the sale, the insider directly owned 2,617 shares of the company's stock, valued at C$87,486.31. The trade was a 70.16% decrease in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,438 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of C$32.56, for a total transaction of C$177,061.28. Following the sale, the insider directly owned 6,408 shares of the company's stock, valued at approximately C$208,644.48. The trade was a 45.91% decrease in their ownership of the stock. Insiders sold a total of 20,091 shares of company stock valued at $679,773 over the last three months. Corporate 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.

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