Key Points
- Director George Raymond Burns sold 6,249 shares of Eldorado Gold on May 6 at an average price of C$43.17, worth about C$269,769.33. After the sale, he still held 496,356 shares.
- Eldorado Gold shares were up 0.8% and opened at C$47.05, with the company carrying a market cap of C$12.39 billion and a 1-year range of C$23.99 to C$69.46.
- Analysts currently have a cautious-but-positive view of the stock, with a consensus rating of “Moderate Buy” and an average price target of C$63.50, even as some firms recently downgraded their outlook.
Eldorado Gold Co. (TSE:ELD - Get Free Report) (NYSE:EGO) Director Daniel Myerson purchased 332 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of C$48.25 per share, with a total value of C$16,019.00. Following the completion of the acquisition, the director directly 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%
ELD stock opened at C$47.05 on Tuesday. The business has a fifty day moving average price of C$48.67 and a 200 day moving average price of C$49.21. 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 capitalization of C$12.39 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 56.20 and a beta of 1.62. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28.
Eldorado Gold (TSE:ELD - Get Free Report) (NYSE:EGO) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The firm had revenue of C$740.23 million during the quarter. Analysts expect that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. TD dropped 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. National Bank Financial increased their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 15th. 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. Scotiabank upgraded Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. Finally, ATB Cormark Capital Markets lowered Eldorado Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average price target of C$63.50.
Get Our Latest Stock Analysis on Eldorado Gold
More Eldorado Gold News
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
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.
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