Eldorado Gold (TSE:ELD) Shares Cross Below 200-Day Moving Average – Should You Sell?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$50.44 and traded as low as C$45.19. Eldorado Gold shares last traded at C$45.41, with a volume of 946,421 shares changing hands.

Wall Street Analyst Weigh In

ELD has been the topic of a number of analyst reports. TD dropped their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. BMO Capital Markets set a C$82.00 price objective on Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, National Bank Financial boosted their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of C$63.50.

Eldorado Gold Stock Performance

The company has a market capitalization of C$11.83 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 56.20 and a beta of 1.41. The company has a current ratio of 1.62, a quick ratio of 2.27 and a debt-to-equity ratio of 28.81. The business’s fifty day moving average is C$44.50 and its two-hundred day moving average is C$50.44.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, April 30th. The company reported C$1.32 EPS for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The business had revenue of C$740.23 million for the quarter. Equities research analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Insider Activity at Eldorado Gold

In other news, insider Per Niklas Frank sold 7,391 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$317,960.82. Following the sale, the insider owned 16,777 shares of the company’s stock, valued at C$721,746.54. This trade represents a 30.58% decrease in their position. Also, Director Stephen David Walker purchased 600 shares of Eldorado Gold stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of C$48.40 per share, with a total value of C$29,040.00. Following the completion of the purchase, the director directly owned 600 shares of the company’s stock, valued at approximately C$29,040. This trade represents a ∞ increase in their ownership of the stock. Over the last three months, insiders bought 47,356 shares of company stock valued at $2,091,456 and sold 143,588 shares valued at $6,212,553. 0.58% of the stock is currently owned by corporate insiders.

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.