Eldorado Gold (TSE:ELD) Reaches New 52-Week High After Analyst Upgrade

Key Points

• Eldorado Gold shares reached a new 52-week high after National Bankshares increased their price target from C$38.00 to C$41.00, maintaining an outperform rating.
• Insider transactions were reported, with Senior Officers selling a total of over C$5 million worth of shares during the last quarter.
• The company has a market capitalization of C$4.61 billion, a P/E ratio of 16.66, and operates mining and exploration projects in Turkey, Canada, Greece, and Romania.

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO hit a new 52-week high during trading on Thursday after National Bankshares raised their price target on the stock from C$38.00 to C$41.00. National Bankshares currently has an outperform rating on the stock. Eldorado Gold traded as high as C$32.14 and last traded at C$32.00, with a volume of 397971 shares traded. The stock had previously closed at C$31.68.

Separately, Stifel Nicolaus upped their price target on Eldorado Gold from C$25.00 to C$29.00 in a research report on Monday, April 21st.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Senior Officer Christos Balaskas sold 6,518 shares of the firm's stock in a transaction dated Saturday, May 31st. The stock was sold at an average price of C$28.10, for a total value of C$183,155.80. Also, Senior Officer Graham Magnus Morrison sold 12,207 shares of the business'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 transaction of C$353,092.36. Over the last quarter, insiders sold 182,964 shares of company stock valued at $5,310,299. Corporate insiders own 0.58% of the company's stock.

Eldorado Gold Stock Up 1.0%

The company has a market capitalization of C$4.61 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The stock's fifty day moving average is C$28.42 and its 200 day moving average is C$25.21.

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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