Eldorado Gold (TSE:ELD) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Eldorado Gold's shares closed at C$32.52, crossing above the 200-day moving average of C$26.00, indicating potential strong performance in the stock market.
• The stock received an "outperform" rating from National Bankshares, with an increased price target from C$38.00 to C$41.00, suggesting positive sentiment among analysts.
• Insider selling activity included the sale of 182,964 shares worth over C$5.3 million in the last ninety days, raising questions about confidence among company executives.

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$26.00 and traded as high as C$32.80. Eldorado Gold shares last traded at C$32.52, with a volume of 197,471 shares trading hands.

Analysts Set New Price Targets

Separately, National Bankshares increased their price objective on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy" and an average price target of C$31.75.

Eldorado Gold Stock Up 1.3%

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 firm has a market cap of C$4.69 billion, a P/E ratio of 16.93, a PEG ratio of 56.20 and a beta of 1.22. The company's 50 day simple moving average is C$29.08 and its 200-day simple moving average is C$26.00.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 10,798 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of C$28.70, for a total transaction of C$309,917.72. Also, Senior Officer Graham Magnus Morrison sold 12,207 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of C$28.93, for a total transaction of C$353,092.36. In the last ninety days, insiders have sold 182,964 shares of company stock worth $5,310,299. 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.

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