Eldorado Gold (TSE:ELD) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Eldorado Gold's stock price has surpassed its 200-day moving average, indicating a potential bullish trend, with shares last trading at C$28.39.
• Stifel Nicolaus has raised their price target for the stock from C$25.00 to C$29.00, reflecting increased confidence in the company's prospects.
• Insider selling has occurred recently, with key insiders offloading 185,501 shares worth approximately $5.38 million in the last three months.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$24.96 and traded as high as C$28.79. Eldorado Gold shares last traded at C$28.39, with a volume of 339,452 shares trading hands.

Analysts Set New Price Targets

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

Eldorado Gold Price Performance

The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The firm has a market cap of C$4.18 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company's fifty day moving average is C$28.23 and its two-hundred day moving average is C$25.03.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Senior Officer Christos Balaskas sold 6,518 shares of the business's stock in a transaction on Saturday, May 31st. The shares were sold at an average price of C$28.10, for a total value of C$183,155.80. Also, Director George Raymond Burns sold 70,592 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$29.30, for a total transaction of C$2,068,430.31. Insiders have sold a total of 185,501 shares of company stock worth $5,380,236 over the last three months. 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.