Key Points
- Director Daniel Myerson bought 1,100 shares of Eldorado Gold on May 15 at an average price of C$43.71, bringing his total stake to 3,941 shares and lifting his position by 38.72%.
- Eldorado Gold stock fell 7.8% and opened at C$43.51, well below its 50-day and 200-day moving averages of C$47.62 and C$49.42, respectively.
- Analyst sentiment remains mixed but constructive: the stock has a consensus rating of “Moderate Buy” with a consensus price target of C$63.50, though several firms recently downgraded or trimmed targets.
Eldorado Gold Co. (TSE:ELD - Get Free Report) (NYSE:EGO) Director Daniel Myerson bought 1,100 shares of Eldorado Gold stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of C$43.71 per share, with a total value of C$48,081.00. Following the completion of the acquisition, the director owned 3,941 shares of the company's stock, valued at C$172,261.11. The trade was a 38.72% increase in their position.
Daniel Myerson also recently made the following trade(s):
- On Friday, May 15th, Daniel Myerson bought 9 shares of Eldorado Gold stock. The shares were acquired at an average cost of C$43.92 per share, with a total value of C$395.28.
- On Monday, May 11th, Daniel Myerson bought 332 shares of Eldorado Gold stock. The shares were acquired at an average cost of C$48.25 per share, with a total value of C$16,019.00.
Eldorado Gold Stock Down 7.8%
Shares of ELD stock opened at C$43.51 on Friday. Eldorado Gold Co. has a 12 month low of C$24.30 and a 12 month high of C$69.46. The stock has a market cap of C$11.46 billion, a P/E ratio of 15.54, a P/E/G ratio of 56.20 and a beta of 1.62. 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 company has a 50 day simple moving average of C$47.62 and a two-hundred day simple moving average of C$49.42.
Eldorado Gold (TSE:ELD - Get Free Report) (NYSE:EGO) last announced its earnings results on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The business had revenue of C$740.23 million during the quarter. On average, research analysts expect that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on ELD shares. Royal Bank Of Canada lowered shares of Eldorado Gold from a "moderate buy" rating to a "hold" rating and upped their price target for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Scotiabank upgraded shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. TD dropped their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a "hold" rating for the company in a research report on Tuesday, April 14th. Finally, ATB Cormark Capital Markets lowered shares of 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$63.50.
Check Out Our Latest Research Report on ELD
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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