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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$22.47 and traded as high as C$24.53. Eldorado Gold shares last traded at C$24.12, with a volume of 626,544 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Cormark lowered their target price on shares of Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th. BMO Capital Markets lowered their price objective on Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, National Bankshares increased their price target on Eldorado Gold from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th.

Eldorado Gold Trading Up 6.8 %

The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The stock has a 50-day simple moving average of C$21.89 and a 200 day simple moving average of C$22.51. The company has a market cap of C$3.87 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 56.20 and a beta of 1.22.

Insider Transactions at Eldorado Gold

In related news, Senior Officer Joseph Dennis Dick sold 9,275 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total transaction of C$187,540.50. Also, Senior Officer Mehmet Yilmaz sold 5,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$22.32, for a total transaction of C$111,600.00. Insiders have sold 40,924 shares of company stock worth $811,687 over the last quarter. 0.58% of the stock is currently owned by 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.