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

Eldorado Gold logo with Basic Materials background

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.
  • Want stock alerts on Eldorado Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analyst Ratings Changes

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

Get Our Latest Analysis on ELD

Eldorado Gold Stock Performance

The stock has a market cap of C$4.58 billion, a PE ratio of 16.52, a P/E/G ratio of 56.20 and a beta of 1.22. The company has a fifty day moving average price of C$28.25 and a 200 day moving average price of C$25.11. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Graham Magnus Morrison sold 12,207 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of C$28.93, for a total value of C$353,092.36. Also, Senior Officer Nicolae Stanca sold 4,737 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$28.96, for a total value of C$137,172.62. In the last 90 days, insiders sold 184,964 shares of company stock worth $5,365,579. Insiders own 0.58% of the company's stock.

About Eldorado Gold

(Get Free Report)

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.

See Also

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