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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.59 and traded as high as C$62.64. Eldorado Gold shares last traded at C$61.88, with a volume of 1,271,241 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ELD shares. Canaccord Genuity Group dropped their price objective on shares of Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Stifel Nicolaus upped their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. ATB Cormark Capital Markets cut their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. BMO Capital Markets lifted their price objective on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Finally, Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$60.75.

Eldorado Gold Price Performance

The stock has a 50-day simple moving average of C$54.93 and a 200 day simple moving average of C$43.59. The stock has a market capitalization of C$12.44 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37.

About Eldorado Gold

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.