Eldorado Gold (TSE:ELD) Sets New 12-Month High - Should You Buy?

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$25.56 and last traded at C$25.42, with a volume of 57988 shares changing hands. The stock had previously closed at C$24.87.

Wall Street Analyst Weigh In

ELD has been the topic of a number of recent analyst reports. Cibc World Mkts raised shares of Eldorado Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price target on Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. Finally, National Bankshares raised their price objective on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Eldorado Gold presently has an average rating of "Moderate Buy" and a consensus target price of C$22.54.

Eldorado Gold Trading Up 3.4 %

The firm has a market cap of C$5.26 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The business has a 50 day moving average price of C$23.50 and a 200-day moving average price of C$21.93.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, topping analysts' consensus estimates of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The firm had revenue of C$406.56 million for the quarter. As a group, research analysts expect that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. Insiders have sold 14,988 shares of company stock worth $334,328 in the last three months. 0.58% of the stock is owned by 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.