Eldorado Gold (TSE:ELD) Stock Crosses Above 200-Day Moving Average – Here’s Why

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target on Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.61.

Eldorado Gold Stock Up 1.5 %

The firm’s 50 day moving average is C$23.25 and its 200-day moving average is C$22.72. The firm has a market cap of C$4.47 billion, a PE ratio of 18.21, a P/E/G ratio of 56.20 and a beta of 1.22. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85.

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.