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

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$54.82 and last traded at C$54.74, with a volume of 38931 shares. The stock had previously closed at C$53.31.

Analysts Set New Price Targets

A number of analysts recently commented on ELD shares. BMO Capital Markets upped their price objective on Eldorado Gold from C$50.00 to C$53.00 in a research report on Thursday, November 27th. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$40.08.

Eldorado Gold Price Performance

The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The stock has a market cap of C$11.09 billion, a P/E ratio of 30.66, a P/E/G ratio of 56.20 and a beta of 1.38. The firm has a 50 day moving average price of C$44.63 and a 200 day moving average price of C$37.61.

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

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau acquired 2,700 shares of the stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the completion of the transaction, the insider directly owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. The trade was a 31.43% increase in their ownership of the stock. Insiders own 0.58% of the company’s stock.

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.