Eldorado Gold (TSE:ELD) Hits New 52-Week High at $22.06

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$22.06 and last traded at C$22.04, with a volume of 517186 shares trading hands. The stock had previously closed at C$20.81.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ELD shares. BMO Capital Markets boosted their price objective on Eldorado Gold from C$21.00 to C$23.00 in a research note on Friday, April 26th. National Bankshares decreased their price objective on Eldorado Gold from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Cormark decreased their price objective on Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. Canaccord Genuity Group boosted their price objective on Eldorado Gold from C$19.00 to C$23.00 in a research note on Tuesday, April 23rd. Finally, Bank of America boosted their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$20.69.

Eldorado Gold Price Performance

The company has a current ratio of 3.50, a quick ratio of 2.28 and a debt-to-equity ratio of 18.65. The firm has a fifty day moving average of C$19.57 and a two-hundred day moving average of C$17.34. The company has a market capitalization of C$4.50 billion, a PE ratio of 24.77, a PEG ratio of 56.20 and a beta of 1.23.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.21 by C$0.15. Eldorado Gold had a return on equity of 3.56% and a net margin of 11.45%. The business had revenue of C$347.78 million during the quarter. Research analysts anticipate that Eldorado Gold Co. will post 1.4739437 EPS for the current fiscal year.

Insiders Place Their Bets

In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. In other news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the 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. Also, Director George Raymond Burns sold 13,434 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. In the last 90 days, insiders sold 70,744 shares of company stock worth $1,276,154. 0.70% of the stock is currently owned by company 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.

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