Insider Selling: Eldorado Gold Co. (TSE:ELD) Director Sells 199,010 Shares of Stock

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO) Director George Raymond Burns sold 199,010 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$20.60, for a total transaction of C$4,100,183.13.

George Raymond Burns also recently made the following trade(s):

  • On Friday, May 3rd, George Raymond Burns sold 12,820 shares of Eldorado Gold stock. The shares were sold at an average price of C$19.64, for a total transaction of C$251,733.52.
  • On Tuesday, March 5th, George Raymond Burns sold 13,434 shares of Eldorado Gold stock. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57.

Eldorado Gold Price Performance

ELD traded up C$0.30 on Monday, hitting C$21.62. 38,499 shares of the company were exchanged, compared to its average volume of 380,919. The company has a debt-to-equity ratio of 18.65, a quick ratio of 2.28 and a current ratio of 3.50. The business’s fifty day moving average is C$20.15 and its 200 day moving average is C$17.65. Eldorado Gold Co. has a fifty-two week low of C$11.38 and a fifty-two week high of C$22.58. The firm has a market capitalization of C$4.41 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 56.20 and a beta of 1.23.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last issued its earnings results on Thursday, April 25th. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.21 by C$0.15. Eldorado Gold had a net margin of 11.45% and a return on equity of 3.56%. The company had revenue of C$347.78 million for the quarter. As a group, sell-side analysts anticipate that Eldorado Gold Co. will post 1.4664843 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ELD shares. Stifel Nicolaus upped their target price on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. National Bankshares dropped their price target on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Bank of America boosted their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Canaccord Genuity Group boosted their price target on shares of Eldorado Gold from C$19.00 to C$23.00 in a research note on Tuesday, April 23rd. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and an average price target of C$20.69.

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Eldorado Gold Company Profile

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Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.

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Insider Buying and Selling by Quarter for Eldorado Gold (TSE:ELD)

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