Eldorado Gold (TSE:ELD) Shares Pass Above 200 Day Moving Average - Should You Sell?

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$22.72 and traded as high as C$22.86. Eldorado Gold shares last traded at C$21.90, with a volume of 252,383 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price objective on shares of Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$23.61.

Eldorado Gold Trading Down 1.7 %

The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The business's 50-day moving average is C$23.25 and its two-hundred day moving average is C$22.72. The firm has a market cap of C$4.41 billion, a P/E ratio of 17.94, a P/E/G ratio of 56.20 and a beta of 1.22.

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.