Eldorado Gold (TSE:ELD) Sets New 1-Year High at $20.86

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO shares hit a new 52-week high on Monday . The stock traded as high as C$20.86 and last traded at C$20.48, with a volume of 86553 shares changing hands. The stock had previously closed at C$20.53.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. National Bankshares cut their price objective on shares of Eldorado Gold from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research report on Monday, February 26th. BMO Capital Markets upped their price target on shares of Eldorado Gold from C$17.00 to C$18.00 in a report on Wednesday, December 13th. Stifel Canada lowered Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, January 26th. Stifel Nicolaus cut Eldorado Gold from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$15.50 to C$17.25 in a research report on Friday, January 26th. Finally, National Bank Financial reaffirmed an "outperform spec overweight" rating on shares of Eldorado Gold in a report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$18.06.

Eldorado Gold Price Performance

The company has a market capitalization of C$4.16 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13. The company has a quick ratio of 2.28, a current ratio of 3.39 and a debt-to-equity ratio of 18.60. The firm's 50-day moving average is C$16.71 and its 200-day moving average is C$15.87.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.05. The firm had revenue of C$417.85 million during the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. Equities analysts predict that Eldorado Gold Co. will post 0.9804325 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. In other news, Director George Raymond Burns sold 13,434 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$16.62, for a total value of C$166,225.00. Insiders sold a total of 41,338 shares of company stock valued at $684,168 over the last quarter. 0.69% of the stock is owned by corporate insiders.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.