Eldorado Gold (TSE:ELD) Sets New 1-Year High – Here’s What Happened

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) hit a new 52-week high during trading on Monday . The company traded as high as C$51.58 and last traded at C$51.42, with a volume of 112000 shares traded. The stock had previously closed at C$48.63.

Analysts Set New Price Targets

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

Eldorado Gold Trading Up 4.2%

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 capitalization of C$10.51 billion, a PE ratio of 29.03, a PEG ratio of 56.20 and a beta of 1.38. The business’s 50-day moving average is C$43.60 and its two-hundred day moving average is C$37.09.

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

Insider Buying and Selling

In other news, insider Christian Milau purchased 2,700 shares of the business’s 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 completion of the transaction, the insider directly owned 11,290 shares in the company, valued at approximately C$417,617.10. This represents a 31.43% increase in their position. 0.58% of the stock is currently owned by company 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.