Eldorado Gold (TSE:ELD) Hits New 1-Year High – Should You Buy?

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$44.39 and last traded at C$42.92, with a volume of 263447 shares traded. The stock had previously closed at C$43.70.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ELD. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. Bank of America upped their price target on shares of Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. Finally, BMO Capital Markets upped their target price on shares of Eldorado Gold from C$50.00 to C$53.00 in a report on Thursday, November 27th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of “Buy” and an average target price of C$40.08.

Eldorado Gold Stock Down 1.6%

The business’s fifty day moving average is C$39.35 and its two-hundred day moving average is C$33.73. The stock has a market cap of C$8.65 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 56.20 and a beta of 1.13. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, October 30th. The company reported C$0.27 EPS for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The company had revenue of C$605.32 million during the quarter. Equities analysts forecast that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christian Milau purchased 2,700 shares of Eldorado Gold stock in a transaction on Friday, November 7th. The shares were bought at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the transaction, the insider directly owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This trade represents a 31.43% increase in their ownership of the stock. 0.58% of the stock is 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.