Eldorado Gold (TSE:ELD) Insider Sells C$442,362.99 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Sylvain Lehoux sold 10,247 shares of Eldorado Gold stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total transaction of C$442,362.99. Following the completion of the sale, the insider directly owned 2,146 shares of the company’s stock, valued at approximately C$92,642.82. The trade was a 82.68% decrease in their position.

Eldorado Gold Stock Up 0.6%

ELD traded up C$0.27 during trading on Monday, hitting C$46.94. 456,398 shares of the company’s stock were exchanged, compared to its average volume of 794,414. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two week high of C$69.46. The stock has a market cap of C$12.36 billion, a P/E ratio of 16.76, a PEG ratio of 56.20 and a beta of 1.62. The business’s 50 day moving average is C$49.26 and its two-hundred day moving average is C$49.09. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81.

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. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The company had revenue of C$740.23 million during the quarter. As a group, equities analysts expect that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ELD. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. TD decreased their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Bank of America upped their target price on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.