Eldorado Gold (TSE:ELD) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$22.72 and traded as high as C$22.86. Eldorado Gold shares last traded at C$21.90, with a volume of 252,383 shares.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their target price on shares of Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$23.61.

Eldorado Gold Stock Up 1.5 %

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 stock has a market capitalization of C$4.47 billion, a PE ratio of 18.21, a PEG ratio of 56.20 and a beta of 1.22. The firm’s fifty day moving average is C$23.25 and its 200-day moving average is C$22.72.

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.