Key Points
- Director George Raymond Burns bought 21,000 shares of Eldorado Gold on May 12 at C$47.34 each, a purchase worth about C$994,140 that lifted his holdings to 517,356 shares.
- Burns had also sold shares earlier in the month, including two transactions on May 6 totaling more than 67,000 shares, highlighting active insider trading around the stock.
- Eldorado Gold shares were up 3.5% and recently traded at C$48.70; the company also reported quarterly EPS of C$0.95 and revenue of C$740.23 million.
Eldorado Gold Co. (TSE:ELD - Get Free Report) (NYSE:EGO) Director Stephen David Walker acquired 600 shares of the business's stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of C$48.40 per share, with a total value of C$29,040.00. Following the acquisition, the director owned 600 shares in the company, valued at C$29,040. The trade was a ∞ increase in their position.
Stephen David Walker also recently made the following trade(s):
- On Tuesday, May 5th, Stephen David Walker purchased 1,000 shares of Eldorado Gold stock. The shares were acquired at an average cost of C$40.56 per share, with a total value of C$40,560.00.
Eldorado Gold Price Performance
Shares of ELD opened at C$48.70 on Wednesday. The firm has a market capitalization of C$12.82 billion, a PE ratio of 17.39, a PEG 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. The company's 50-day moving average is C$48.38 and its 200-day moving average is C$49.30. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two week high of C$69.46.
Eldorado Gold (TSE:ELD - Get Free Report) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. The business had revenue of C$740.23 million for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. Equities analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on ELD. Stifel Nicolaus boosted their price target on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Scotiabank raised Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 26th. ATB Cormark Capital Markets lowered Eldorado Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, May 4th. National Bank Financial increased their target price on shares of 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. Finally, Bank of America lifted their price objective on Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$63.50.
View Our Latest Research Report on Eldorado Gold
More Eldorado Gold News
Here are the key news stories impacting Eldorado Gold this week:
- Positive Sentiment: Director Daniel Myerson bought 332 shares, increasing his stake by 13.28%, which can be viewed as a vote of confidence in Eldorado Gold’s outlook.
- Neutral Sentiment: The company also reported regular insider trading activity around the same period, including several buys and sells, which may reflect portfolio management rather than a major change in fundamentals.
- Negative Sentiment: Multiple insiders and directors sold shares, including larger disposals by George Raymond Burns, Paul Anthony Ferneyhough, Frank Hamilton Herbert, Simon Oswald Hille, and Sylvain Lehoux, which may weigh on sentiment because investors often interpret broad insider selling as cautionary.
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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