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

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$29.55 and last traded at C$29.39, with a volume of 126080 shares traded. The stock had previously closed at C$27.69.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets lowered their price objective on Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th. Stifel Nicolaus increased their price objective on Eldorado Gold from C$25.00 to C$29.00 in a research report on Monday, April 21st. Cormark lowered their price objective on Eldorado Gold from C$33.50 to C$30.00 in a research report on Monday, February 10th. Finally, National Bankshares increased their price objective on Eldorado Gold from C$25.00 to C$29.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th.

Eldorado Gold Trading Down 0.1%

The firm has a market cap of C$4.14 billion, a P/E ratio of 14.96, a PEG 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. The stock has a 50 day moving average of C$25.97 and a 200 day moving average of C$23.23.

Insider Activity at Eldorado Gold

In other news, Senior Officer Mehmet Yilmaz sold 2,342 shares of Eldorado Gold stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$27.68, for a total value of C$64,826.56. Also, Senior Officer Frank Hamilton Herbert sold 2,000 shares of Eldorado Gold stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of C$27.64, for a total value of C$55,280.00. Insiders have sold a total of 22,688 shares of company stock valued at $525,757 over the last 90 days. 0.58% of the stock is owned by 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.