Eldorado Gold (TSE:ELD) Stock Crosses Below Two Hundred Day Moving Average of $10.27

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.27 and traded as low as $10.21. Eldorado Gold shares last traded at $10.70, with a volume of 562,286 shares traded.

Several equities analysts have commented on the company. Royal Bank of Canada reiterated an “underperform” rating and set a C$6.50 price target on shares of Eldorado Gold in a report on Thursday, December 5th. BMO Capital Markets boosted their price objective on shares of Eldorado Gold from C$12.50 to C$16.00 in a research note on Wednesday, September 11th. Finally, National Bank Financial decreased their price objective on shares of Eldorado Gold from C$15.00 to C$13.50 and set an “outperform” rating for the company in a report on Monday, November 18th.

The company has a market capitalization of $1.59 billion and a price-to-earnings ratio of -6.78. The company has a 50-day moving average price of C$10.02 and a 200-day moving average price of C$10.31. The company has a quick ratio of 1.20, a current ratio of 2.26 and a debt-to-equity ratio of 15.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Thursday, October 31st. The company reported C$0.07 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The business had revenue of C$227.42 million during the quarter. Equities analysts expect that Eldorado Gold Corp will post 0.84 EPS for the current fiscal year.

About Eldorado Gold (TSE:ELD)

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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