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Eldorado Gold (TSE:ELD) Reaches New 52-Week High - What's Next?

Eldorado Gold logo with Basic Materials background

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO shares hit a new 52-week high on Friday . The stock traded as high as C$26.72 and last traded at C$26.44, with a volume of 75542 shares. The stock had previously closed at C$25.16.

Analyst Ratings Changes

Several research analysts recently commented on the company. National Bankshares increased their price target on Eldorado Gold from C$25.00 to C$29.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. BMO Capital Markets cut their price target on shares of Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday, February 7th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Cormark reduced their target price on shares of Eldorado Gold from C$33.50 to C$30.00 in a report on Monday, February 10th.

Read Our Latest Stock Analysis on Eldorado Gold

Eldorado Gold Trading Up 2.4 %

The firm has a market cap of C$3.99 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 56.20 and a beta of 1.22. The firm's 50-day moving average is C$22.12 and its 200-day moving average is C$22.54. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28.

Insider Transactions at Eldorado Gold

In other news, Senior Officer Mehmet Yilmaz sold 5,000 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$22.32, for a total transaction of C$111,600.00. Also, Senior Officer Nicolae Stanca sold 4,235 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$13.92, for a total transaction of C$58,951.20. Insiders have sold 40,924 shares of company stock worth $811,687 in the last ninety days. Company insiders own 0.58% of the company's stock.

About Eldorado Gold

(Get Free Report)

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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