Eldorado Gold (TSE:ELD) Reaches New 1-Year High - Time to Buy?

Key Points

• Eldorado Gold shares reached a new 52-week high of C$30.03, trading recently at C$28.81 with a volume of over 104,000 shares.
• Analysts at Stifel Nicolaus have increased their price target for Eldorado Gold from C$25.00 to C$29.00.
• Insider transactions included significant sales, with Director George Raymond Burns selling over 70,000 shares and Senior Officer Per Niklas Frank selling over 11,000 shares last month.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$30.03 and last traded at C$28.81, with a volume of 104857 shares. The stock had previously closed at C$28.39.

Wall Street Analyst Weigh In

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

Eldorado Gold Trading Up 9.2%

The company has a 50 day simple moving average of C$28.25 and a 200 day simple moving average of C$25.11. 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 has a market capitalization of C$4.57 billion, a PE ratio of 16.49, a P/E/G ratio of 56.20 and a beta of 1.22.

Insider Activity at Eldorado Gold

In related news, Senior Officer Mehmet Yilmaz sold 10,798 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of C$28.70, for a total value of C$309,917.72. Also, Senior Officer Christos Balaskas sold 6,518 shares of the firm's stock in a transaction dated Saturday, May 31st. The shares were sold at an average price of C$28.10, for a total transaction of C$183,155.80. Insiders sold a total of 184,964 shares of company stock valued at $5,365,579 in the last ninety days. 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.