Daniel Myerson Acquires 1,100 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Daniel Myerson bought 1,100 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of C$43.71 per share, for a total transaction of C$48,081.00. Following the completion of the acquisition, the director directly owned 3,941 shares of the company’s stock, valued at approximately C$172,261.11. This trade represents a 38.72% increase in their position.

Daniel Myerson also recently made the following trade(s):

• On Friday, May 15th, Daniel Myerson bought 9 shares of Eldorado Gold stock. The shares were acquired at an average cost of C$43.92 per share, for a total transaction of C$395.28.
• On Monday, May 11th, Daniel Myerson bought 332 shares of Eldorado Gold stock. The shares were acquired at an average cost of C$48.25 per share, for a total transaction of C$16,019.00.

Eldorado Gold Stock Down 7.8%

Shares of ELD opened at C$43.51 on Friday. Eldorado Gold Co. has a 12 month low of C$24.30 and a 12 month high of C$69.46. The firm’s 50 day moving average is C$47.62 and its 200-day moving average is C$49.42. The stock has a market capitalization of C$11.46 billion, a PE ratio of 15.54, a P/E/G 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 earnings results on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. The company 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%. Equities research analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Wall Street Analysts Forecast Growth

ELD has been the topic of a number of analyst reports. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. National Bank Financial increased their price target on shares of 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 upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. TD reduced their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. 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 equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$63.50.

About Eldorado Gold

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.