Christian Milau Acquires 3,500 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau acquired 3,500 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average cost of C$58.59 per share, with a total value of C$205,065.00. Following the completion of the acquisition, the insider owned 14,994 shares of the company’s stock, valued at C$878,498.46. The trade was a 30.45% increase in their position.

Eldorado Gold Stock Up 2.2%

ELD opened at C$60.75 on Thursday. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The company has a market cap of C$12.21 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 56.20 and a beta of 1.44. Eldorado Gold Co. has a one year low of C$19.21 and a one year high of C$69.46. The business’s fifty day moving average is C$56.62 and its two-hundred day moving average is C$44.78.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$3.29 earnings per share for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The business had revenue of C$767.52 million during the quarter. Analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ELD shares. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Stifel Nicolaus lifted their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. ATB Cormark Capital Markets reduced their target price on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Canaccord Genuity Group cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, BMO Capital Markets raised their price target on Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$58.93.

Eldorado Gold Company Profile

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.