Eldorado Gold (TSE:ELD) Hits New 52-Week High at $19.00

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$19.00 and last traded at C$18.85, with a volume of 100838 shares trading hands. The stock had previously closed at C$18.44.

Analyst Ratings Changes

ELD has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Eldorado Gold from C$17.00 to C$18.00 in a research note on Wednesday, December 13th. Stifel Nicolaus downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$15.50 to C$17.25 in a report on Friday, January 26th. National Bankshares lowered their price target on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, February 26th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Wednesday, January 3rd. Finally, Cormark lowered their target price on shares of Eldorado Gold from C$26.00 to C$25.00 in a report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$18.06.

Eldorado Gold Trading Up 0.4 %

The business’s 50-day moving average price is C$16.34 and its 200 day moving average price is C$15.56. The company has a debt-to-equity ratio of 18.60, a current ratio of 3.39 and a quick ratio of 2.28. The firm has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, February 22nd. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.05. The business had revenue of C$417.85 million for the quarter. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. On average, equities analysts forecast that Eldorado Gold Co. will post 0.9598263 earnings per share for the current fiscal year.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Senior Officer Sylvain Lehoux sold 5,433 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total transaction of C$95,498.01. In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Sylvain Lehoux sold 5,433 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total transaction of C$95,498.01. Insiders have sold 41,338 shares of company stock valued at $684,168 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

About Eldorado Gold

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.