George Raymond Burns Sells 6,249 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns sold 6,249 shares of Eldorado Gold stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total value of C$269,769.33. Following the transaction, the director directly owned 496,356 shares in the company, valued at approximately C$21,427,688.52. The trade was a 1.24% decrease in their position.

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

• On Tuesday, May 12th, George Raymond Burns purchased 21,000 shares of Eldorado Gold stock. The shares were bought at an average price of C$47.34 per share, with a total value of C$994,140.00.
• On Wednesday, May 6th, George Raymond Burns sold 61,327 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$2,647,486.59.

Eldorado Gold Trading Up 3.5%

Shares of Eldorado Gold stock opened at C$48.70 on Wednesday. The stock has a fifty day simple moving average of C$48.38 and a 200 day simple moving average of C$49.30. Eldorado Gold Co. has a 12-month low of C$23.99 and a 12-month high of C$69.46. The company has a market capitalization of C$12.82 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share (EPS) for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The business had revenue of C$740.23 million during the quarter. On average, sell-side analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

More Eldorado Gold News

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Director Daniel Myerson bought 332 shares, increasing his stake by 13.28%, which can be viewed as a vote of confidence in Eldorado Gold’s outlook.
• Neutral Sentiment: The company also reported regular insider trading activity around the same period, including several buys and sells, which may reflect portfolio management rather than a major change in fundamentals.
• Negative Sentiment: Multiple insiders and directors sold shares, including larger disposals by George Raymond Burns, Paul Anthony Ferneyhough, Frank Hamilton Herbert, Simon Oswald Hille, and Sylvain Lehoux, which may weigh on sentiment because investors often interpret broad insider selling as cautionary.

Analyst Upgrades and Downgrades

ELD has been the subject of several recent research reports. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Canaccord Genuity Group cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. National Bank Financial boosted their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Bank of America boosted their price objective on Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.50.

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.