Eldorado Gold (TSE:ELD) Reaches New 1-Year High – Still a Buy?

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) reached a new 52-week high during trading on Friday . The stock traded as high as C$26.72 and last traded at C$26.44, with a volume of 75542 shares trading hands. The stock had previously closed at C$25.16.

Wall Street Analysts Forecast Growth

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

Eldorado Gold Stock Performance

The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The firm has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The firm’s 50-day moving average price is C$21.89 and its two-hundred day moving average price is C$22.51.

Insider Transactions at Eldorado Gold

In related news, Senior Officer Nicolae Stanca sold 4,235 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$13.92, for a total value of C$58,951.20. Also, Senior Officer Mehmet Yilmaz sold 5,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$22.32, for a total value of C$111,600.00. In the last quarter, insiders have sold 40,924 shares of company stock valued at $811,687. 0.58% of the stock is owned by 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.