Eldorado Gold (TSE:ELD) Reaches New 1-Year High - What's Next?

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$28.25 and last traded at C$27.82, with a volume of 354548 shares changing hands. The stock had previously closed at C$27.04.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Cormark decreased their price target on shares of Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets decreased their price objective on Eldorado Gold from C$29.00 to C$27.00 in a report on Friday, February 7th. Stifel Nicolaus increased their target price on shares of Eldorado Gold from C$25.00 to C$29.00 in a research report on Monday. Finally, National Bankshares boosted their price target on shares of 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.

Eldorado Gold Stock Up 1.6 %

The stock has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The business has a fifty day moving average of C$22.68 and a 200 day moving average of C$22.64.

Insiders Place Their Bets

In other Eldorado Gold news, Director George Raymond Burns sold 7,590 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$19.61, for a total value of C$148,853.56. Also, Senior Officer Nicolae Stanca sold 4,235 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$13.92, for a total value of C$58,951.20. Insiders sold a total of 40,924 shares of company stock valued at $811,687 over the last 90 days. 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.