Sylvain Lehoux Sells 2,146 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Sylvain Lehoux sold 2,146 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total transaction of C$92,642.82.

Sylvain Lehoux also recently made the following trade(s):

• On Thursday, May 7th, Sylvain Lehoux sold 5,899 shares of Eldorado Gold stock. The stock was sold at an average price of C$44.89, for a total transaction of C$264,806.11.
• On Wednesday, May 6th, Sylvain Lehoux sold 10,247 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total transaction of C$442,362.99.

Eldorado Gold Trading Up 3.5%

Shares of ELD stock opened at C$48.70 on Wednesday. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62. The company has a market capitalization of C$12.82 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a 52-week low of C$23.99 and a 52-week high of C$69.46. The company has a 50-day simple moving average of C$48.38 and a two-hundred day simple moving average of C$49.30.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. The firm had revenue of C$740.23 million for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. Research analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ELD. TD reduced their price objective on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Stifel Nicolaus increased their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. National Bank Financial raised their price objective on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Finally, Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$63.50.

Trending Headlines about Eldorado Gold

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.

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.