Eldorado Gold (TSE:ELD) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$23.45 and traded as high as C$29.22. Eldorado Gold shares last traded at C$29.10, with a volume of 367,794 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. National Bankshares upped their price objective on Eldorado Gold from C$25.00 to C$29.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Cormark cut their price target on Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th. Stifel Nicolaus increased their price target on Eldorado Gold from C$25.00 to C$29.00 in a report on Monday, April 21st. Finally, National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Eldorado Gold Price 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 stock has a fifty day simple moving average of C$26.41 and a two-hundred day simple moving average of C$23.45. The company has a market cap of C$4.10 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Insider Buying and Selling at Eldorado Gold

In related news, Senior Officer Mehmet Yilmaz sold 10,798 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of C$28.70, for a total value of C$309,917.72. Also, Director George Raymond Burns sold 70,592 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$29.30, for a total value of C$2,068,430.31. Over the last quarter, insiders sold 163,083 shares of company stock valued at $4,690,275. 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.