Eldorado Gold (TSE:ELD) Shares Pass Above 200 Day Moving Average - Here's What Happened

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$23.90 and traded as high as C$29.37. Eldorado Gold shares last traded at C$28.84, with a volume of 235,170 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ELD. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Nicolaus boosted their target price on shares of Eldorado Gold from C$25.00 to C$29.00 in a research report on Monday, April 21st. Finally, National Bankshares raised their price target on shares of Eldorado Gold from C$25.00 to C$29.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th.

Eldorado Gold Trading Down 3.0%

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 firm has a fifty day simple moving average of C$27.36 and a 200-day simple moving average of C$23.99. The firm has a market cap of C$3.93 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Senior Officer Per Niklas Frank sold 11,107 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$27.91, for a total transaction of C$309,996.37. Also, Senior Officer Frank Hamilton Herbert sold 2,000 shares of Eldorado Gold stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of C$27.64, for a total transaction of C$55,280.00. In the last 90 days, insiders sold 185,501 shares of company stock valued at $5,380,236. 0.58% of the stock is owned by company insiders.

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.