Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells C$60,006.30 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Simon Oswald Hille sold 1,390 shares of Eldorado Gold stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total transaction of C$60,006.30. Following the completion of the sale, the insider owned 14,672 shares in the company, valued at C$633,390.24. This trade represents a 8.65% decrease in their ownership of the stock.

Simon Oswald Hille also recently made the following trade(s):

• On Wednesday, May 6th, Simon Oswald Hille sold 6,639 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total transaction of C$286,605.63.
• On Wednesday, May 6th, Simon Oswald Hille acquired 2,500 shares of Eldorado Gold stock. The stock was acquired at an average price of C$42.16 per share, for a total transaction of C$105,400.00.

Eldorado Gold Price Performance

TSE ELD opened at C$48.70 on Thursday. 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 Co. has a 12-month low of C$23.99 and a 12-month high of C$69.46. The company has a market capitalization of C$12.82 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The firm’s 50 day moving average is C$48.08 and its 200-day moving average is C$49.38.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.95 earnings per share (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 for the quarter. Equities research analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ELD. TD lowered their price objective on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Bank of America lifted their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One equities research 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. According to data from MarketBeat, Eldorado Gold has a consensus 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.