Eldorado Gold (TSE:ELD) Hits New 12-Month High – Still a Buy?

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$58.53 and last traded at C$58.42, with a volume of 51704 shares trading hands. The stock had previously closed at C$57.62.

Wall Street Analyst Weigh In

ELD has been the topic of several recent research reports. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. BMO Capital Markets upped their target price on Eldorado Gold from C$50.00 to C$53.00 in a research report on Thursday, November 27th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$40.08.

Eldorado Gold Stock Performance

The stock has a market cap of C$11.73 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 56.20 and a beta of 1.38. 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 company has a 50 day simple moving average of C$46.96 and a 200 day simple moving average of C$38.82.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data 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 business had revenue of C$605.32 million during the quarter. As a group, equities research analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Insiders Place Their Bets

In other news, insider Christian Milau bought 2,700 shares of the stock in a transaction on Friday, November 7th. The stock was acquired at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the acquisition, the insider directly owned 11,290 shares in the company, 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 corporate 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.