Key Points
- Insider sale: Christine Tamiko Ohta sold 5,492 shares on March 16 at C$51.22 for C$281,300, reducing her stake by 39.46% to 8,427 shares.
- Share and financial context: Eldorado opened at C$44.35 (50‑day MA C$58.13, 200‑day MA C$47.24), has a C$8.81B market cap and a trailing P/E of 17.96, and recently reported quarterly EPS of C$0.86 on C$767.5M revenue.
- Analyst stance: MarketBeat shows a consensus of Moderate Buy with an average price target of C$61.57 and mixed ratings (1 Strong Buy, 2 Buy, 3 Hold).
Eldorado Gold Co. (TSE:ELD - Get Free Report) (NYSE:EGO) insider Christine Tamiko Ohta sold 5,492 shares of the company's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the sale, the insider directly owned 8,427 shares in the company, valued at approximately C$431,630.94. This trade represents a 39.46% decrease in their ownership of the stock.
Eldorado Gold Price Performance
Shares of TSE:ELD opened at C$44.35 on Friday. The firm has a market capitalization of C$8.81 billion, a PE ratio of 17.96, a P/E/G ratio of 56.20 and a beta of 1.24. The company has a quick ratio of 2.28, a current ratio of 1.83 and a debt-to-equity ratio of 30.34. The company has a 50-day moving average price of C$58.13 and a two-hundred day moving average price of C$47.24. Eldorado Gold Co. has a twelve month low of C$21.82 and a twelve month high of C$69.46.
Eldorado Gold (TSE:ELD - Get Free Report) (NYSE:EGO) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. The company had revenue of C$767.52 million for the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. Equities analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on ELD shares. Royal Bank Of Canada cut shares of Eldorado Gold from a "moderate buy" rating to a "hold" rating and boosted their target price for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. BMO Capital Markets lifted their price target on Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Bank of America boosted their price objective on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Stifel Nicolaus increased their price objective on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, Scotiabank upgraded Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$61.57.
Read Our Latest Report on Eldorado Gold
About Eldorado Gold
(
Get Free Report)
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.
Further Reading
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