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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$47.60 and traded as high as C$48.32. Eldorado Gold shares last traded at C$45.78, with a volume of 661,511 shares traded.

Analysts Set New Price Targets

ELD has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. BMO Capital Markets increased their price target on Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. ATB Cormark Capital Markets lowered their price target on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Canaccord Genuity Group downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce lowered Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$61.57.

Eldorado Gold Price Performance

The company’s 50 day moving average price is C$57.09 and its 200-day moving average price is C$47.60. The company has a market cap of C$9.09 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 56.20 and a beta of 1.24. The company has a debt-to-equity ratio of 30.34, a quick ratio of 2.28 and a current ratio of 1.83.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share for the quarter. The firm had revenue of C$767.52 million during the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. On average, equities research analysts forecast that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christine Tamiko Ohta sold 5,492 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the completion of the sale, the insider directly owned 8,427 shares of the company’s stock, valued at C$431,630.94. This trade represents a 39.46% decrease in their position. Also, insider Christian Milau purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the transaction, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. This trade represents a 30.45% increase in their ownership of the stock. 0.58% of the stock is currently owned by corporate insiders.

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.