Eldorado Gold (TSE:ELD) Hits New 52-Week High – Time to Buy?

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) reached a new 52-week high on Friday . The company traded as high as C$25.56 and last traded at C$25.42, with a volume of 57988 shares traded. The stock had previously closed at C$24.87.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ELD shares. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group boosted their price target on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Finally, National Bankshares raised their price objective on shares of Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and an average target price of C$22.54.

Eldorado Gold Price Performance

The stock has a 50 day moving average of C$23.50 and a two-hundred day moving average of C$21.96. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The firm has a market capitalization of C$5.26 billion, a P/E ratio of 21.43, a P/E/G ratio of 56.20 and a beta of 1.22.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.09. The company had revenue of C$406.56 million for the quarter. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. Sell-side analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Ryan Swedburg sold 3,553 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. In other Eldorado Gold news, Senior Officer Ryan Swedburg sold 3,553 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total value of C$83,234.71. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. Insiders sold 14,988 shares of company stock worth $334,328 over the last ninety days. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.