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

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO's stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$40.40 and last traded at C$40.15, with a volume of 44573 shares. The stock had previously closed at C$39.38.Get Eldorado Gold alerts:Analysts Set New Price TargetsELD has been the topic of a number of recent research reports. National Bankshares lifted their price target on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Bank of America lifted their price target on shares of Eldorado Gold from C$28.50 to C$33.50 in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy" and a consensus price target of C$32.10.View Our Latest Research Report on Eldorado GoldEldorado Gold Trading Up 0.6%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$8.05 billion, a P/E ratio of 19.91, a P/E/G ratio of 56.20 and a beta of 0.82. The firm's 50 day simple moving average is C$32.43 and its two-hundred day simple moving average is C$28.38. Insider Transactions at Eldorado GoldIn other news, insider Ryan Swedburg sold 6,153 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$33.43, for a total transaction of C$205,694.79. Following the completion of the sale, the insider directly owned 2,617 shares of the company's stock, valued at C$87,486.31. The trade was a 70.16% decrease in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,438 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of C$32.56, for a total transaction of C$177,061.28. Following the sale, the insider directly owned 6,408 shares of the company's stock, valued at approximately C$208,644.48. The trade was a 45.91% decrease in their ownership of the stock. Insiders sold a total of 20,091 shares of company stock valued at $679,773 over the last three months. Corporate insiders own 0.58% of the company's stock. Eldorado Gold Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Eldorado GoldTop Biotech Stocks: Exploring Innovation OpportunitiesIs Super Micro Next in Line for a Big AI Takeover?Why Special Dividends Can be a Delightful Surprise for Income InvestorsTesla: 3 Reasons October’s Earnings Will Make or Break the StockUnveiling The Power Of VWAP: A Key Indicator For TradersIndustrial Tech Crossovers: When Manufacturing Meets InnovationThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Eldorado Gold Right Now?Before you consider Eldorado Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eldorado Gold wasn't on the list.While Eldorado Gold currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here