Eldorado Gold (TSE:ELD) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Eldorado Gold shares crossed above their 200‑day moving average (200‑day MA C$46.82), trading up to C$52.94 and last at C$50.43 on ~476,600 shares — a short-term technical bullish signal.
• Wall Street's consensus is a Moderate Buy with an average target of C$61.57; several analysts have recently raised price targets, though ratings are mixed (1 Strong Buy, 2 Buy, 3 Hold).
• Company fundamentals show a C$9.98B market cap, Q-quarter EPS of C$0.86 with a 28% net margin and 12.4% ROE, and an insider recently purchased 3,500 shares (insiders own 0.58%).

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$46.82 and traded as high as C$52.94. Eldorado Gold shares last traded at C$50.43, with a volume of 476,607 shares traded.

Wall Street Analysts Forecast Growth

ELD has been the topic of a number of research reports. Bank of America lifted their price target on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. BMO Capital Markets raised their price objective on Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Stifel Nicolaus lifted their target price on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Finally, ATB Cormark Capital Markets dropped their price objective on shares of Eldorado Gold from C$100.00 to C$89.00 and set an "outperform" rating for the company in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Eldorado Gold has a consensus rating of "Moderate Buy" and an average target price of C$61.57.

Eldorado Gold Trading Down 4.7%

The firm has a market capitalization of C$9.98 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 56.20 and a beta of 1.24. The company has a 50 day moving average price of C$58.40 and a two-hundred day moving average price of C$46.82. The company has a debt-to-equity ratio of 30.34, a quick ratio of 2.28 and a current ratio of 1.83.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%.The business had revenue of C$767.52 million for the quarter. On average, research analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Insider Buying and Selling at Eldorado Gold

In other news, insider Christian Milau acquired 3,500 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the completion of the acquisition, the insider owned 14,994 shares of the company's stock, valued at C$878,498.46. This trade represents a 30.45% increase in their position. 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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