Eldorado Gold (TSE:ELD) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$21.80 and traded as high as C$24.15. Eldorado Gold shares last traded at C$24.11, with a volume of 626,620 shares.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ELD. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. National Bankshares lifted their price objective on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Finally, Canaccord Genuity Group upped their target price on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Three research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$22.54.

Eldorado Gold Stock Down 0.1 %

The stock has a market cap of C$5.05 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. 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 firm’s 50-day moving average is C$23.43 and its 200 day moving average is C$21.86.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.09. The business had revenue of C$406.56 million during the quarter. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. Sell-side analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction of C$136,611.54. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction that occurred on 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 firm’s 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 transaction of C$48,473.47. Over the last three months, insiders sold 14,988 shares of company stock worth $334,328. 0.58% of the stock is currently owned by company insiders.

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.