Eldorado Gold (TSE:ELD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

ELD has been the subject of several recent analyst reports. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. National Bankshares raised their price objective on shares of Eldorado Gold from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research note 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 report on Friday, February 7th. Finally, Cormark reduced their price objective on Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th.

Eldorado Gold Stock Down 2.8 %

The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The firm has a market cap of C$3.59 billion, a PE ratio of 12.98, a PEG ratio of 56.20 and a beta of 1.22. The company’s 50-day simple moving average is C$21.62 and its two-hundred day simple moving average is C$22.50.

Insider Activity

In other news, Senior Officer Joseph Dennis Dick sold 9,275 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$20.22, for a total transaction of C$187,540.50. Also, Senior Officer Mehmet Yilmaz sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$22.32, for a total value of C$111,600.00. In the last 90 days, insiders have sold 40,924 shares of company stock worth $811,687. Corporate 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.