Eldorado Gold (TSE:ELD) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.45 and traded as high as C$25.21. Eldorado Gold shares last traded at C$25.19, with a volume of 483,733 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ELD shares. National Bankshares raised their target price on 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. Cormark decreased their target price on shares of Eldorado Gold from C$33.50 to C$30.00 in a research report on Monday, February 10th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, 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.

Eldorado Gold Trading Down 7.7 %

The stock has a market capitalization of C$3.32 billion, a PE ratio of 11.98, a P/E/G ratio of 56.20 and a beta of 1.22. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The business's fifty day moving average price is C$21.64.

Insider Activity

In other news, Senior Officer Mehmet Yilmaz sold 3,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$22.85, for a total value of C$68,550.00. Also, Senior Officer Nicolae Stanca sold 4,235 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$13.92, for a total transaction of C$58,951.20. Over the last 90 days, insiders sold 40,924 shares of company stock worth $811,687. Insiders own 0.58% of the company's stock.

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.