Eldorado Gold (TSE:ELD) Director Daniel Myerson Acquires 332 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Daniel Myerson purchased 332 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of C$48.25 per share, with a total value of C$16,019.00. Following the acquisition, the director owned 2,832 shares in the company, valued at approximately C$136,644. This represents a 13.28% increase in their ownership of the stock.

Eldorado Gold Trading Up 0.8%

Eldorado Gold stock opened at C$47.05 on Tuesday. The business has a 50 day moving average price of C$48.67 and a two-hundred day moving average price of C$49.21. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The stock has a market cap of C$12.39 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a 12 month low of C$23.99 and a 12 month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly 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 during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. As a group, equities analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Trending Headlines about Eldorado Gold

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

• Positive Sentiment: One director, Daniel Myerson, bought 332 shares at C$48.25, which can be read as a modest vote of confidence in Eldorado Gold’s prospects. Article link
• Positive Sentiment: Another insider, Simon Oswald Hille, also purchased 2,500 shares at C$42.16 earlier in the period, adding to the sense that management may view the stock as attractive at recent levels. Article link
• Neutral Sentiment: Several insiders and one director reported buying and selling shares around the same time, suggesting routine insider trading activity rather than a single major corporate event. Article link
• Negative Sentiment: The larger set of filings shows multiple insider sales, including sizable disposals by director George Raymond Burns and insiders Frank Hamilton Herbert, Simon Oswald Hille, Paul Anthony Ferneyhough and Sylvain Lehoux, which may pressure sentiment because investors often view heavy selling as a cautious signal. Article link

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$47.00 to C$48.00 in a report on Tuesday, February 17th. BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. National Bank Financial increased their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Stifel Nicolaus increased their target price on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, Canadian Imperial Bank of Commerce cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. One investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.