Insider Buying: Eldorado Gold (TSE:ELD) Director Acquires C$40,560.00 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Stephen David Walker bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of C$40.56 per share, for a total transaction of C$40,560.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately C$40,560. This trade represents a ? increase in their position.

Eldorado Gold Trading Up 3.2%

Shares of ELD opened at C$46.67 on Friday. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81. The firm has a market capitalization of C$12.29 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The stock’s fifty day simple moving average is C$49.26 and its 200 day simple moving average is C$49.09. Eldorado Gold Co. has a twelve month low of C$23.99 and a twelve month high of C$69.46.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Bank of America raised their price objective on Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. Royal Bank Of Canada lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. BMO Capital Markets set a C$82.00 price objective on Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One 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 MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and an average target price 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.