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

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.30 and traded as high as C$23.31. Eldorado Gold shares last traded at C$22.89, with a volume of 718,521 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ELD shares. National Bankshares upped their price objective on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Stifel Nicolaus lifted their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday, October 21st. Cibc World Mkts upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group increased their target price on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$23.76.

Eldorado Gold Trading Down 0.7 %

The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The company's fifty day simple moving average is C$23.80 and its 200-day simple moving average is C$22.31. The company has a market capitalization of C$4.65 billion, a P/E ratio of 18.72, a PEG ratio of 56.20 and a beta of 1.22.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm'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. In the last 90 days, insiders have sold 13,920 shares of company stock valued at $320,985. 0.58% of the stock is currently owned by corporate 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.