Key Points
- Director Seda Erdemir sold 1,239 Eldorado Gold shares at an average price of C$60.37, generating total proceeds of approximately C$74,798.
- Eldorado Gold shares opened at C$61.49, with a C$16.04 billion market capitalization and a 52-week trading range of C$34.25 to C$69.46. The company reported C$0.77 quarterly EPS and C$692.57 million in revenue.
- Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of C$62.50; several firms recently upgraded the stock to “strong buy.”
Eldorado Gold Co. (TSE:ELD - Get Free Report) (NYSE:EGO) Director Seda Erdemir sold 1,239 shares of the business's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total transaction of C$74,798.43.
Eldorado Gold Stock Performance
Shares of ELD opened at C$61.49 on Thursday. The company has a quick ratio of 2.27, a current ratio of 1.31 and a debt-to-equity ratio of 25.70. Eldorado Gold Co. has a 52-week low of C$34.25 and a 52-week high of C$69.46. The company has a 50-day simple moving average of C$51.46 and a 200-day simple moving average of C$48.97. The company has a market capitalization of C$16.04 billion, a PE ratio of 21.88, a P/E/G ratio of 56.20 and a beta of 1.69.
Eldorado Gold (TSE:ELD - Get Free Report) (NYSE:EGO) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. The firm had revenue of C$692.57 million for the quarter. Equities research analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ELD. Canaccord Genuity Group upped their target price on Eldorado Gold from C$45.00 to C$55.00 in a report on Thursday, August 13th. Stifel Nicolaus raised Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Jefferies Financial Group upgraded shares of Eldorado Gold to a "strong-buy" rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 9th. Finally, National Bank Financial increased their price target on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$62.50.
Read Our Latest Report on ELD
About Eldorado Gold
(
Get Free Report)
Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
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