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

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$22.89 and traded as high as C$25.05. Eldorado Gold shares last traded at C$25.00, with a volume of 364,166 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have commented on ELD. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares upped their price objective on Eldorado Gold from C$25.00 to C$29.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. BMO Capital Markets lowered their price objective on Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th. Stifel Nicolaus upped their price objective on Eldorado Gold from C$25.00 to C$29.00 in a research report on Monday, April 21st. Finally, Cormark lowered their price objective on Eldorado Gold from C$33.50 to C$30.00 in a research report on Monday, February 10th.

Eldorado Gold Stock Performance

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 fifty day moving average price of C$24.83 and a 200 day moving average price of C$22.89. The firm has a market cap of C$3.61 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Insider Transactions at Eldorado Gold

In related news, Senior Officer Frank Hamilton Herbert sold 2,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of C$27.64, for a total transaction of C$55,280.00. Also, Senior Officer Joseph Dennis Dick sold 9,275 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total value of C$187,540.50. Insiders have sold a total of 43,461 shares of company stock worth $881,625 in the last quarter. Company insiders own 0.58% of the company's stock.

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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