Eldorado Gold (TSE:ELD) Insider Sells C$281,300.24 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christine Tamiko Ohta sold 5,492 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the completion of the transaction, the insider directly owned 8,427 shares in the company, valued at C$431,630.94. The trade was a 39.46% decrease in their position.

Eldorado Gold Trading Down 8.1%

Shares of ELD stock traded down C$3.83 during trading hours on Thursday, hitting C$43.63. The company had a trading volume of 535,989 shares, compared to its average volume of 684,521. The company has a debt-to-equity ratio of 30.34, a current ratio of 1.83 and a quick ratio of 2.28. The stock has a market capitalization of C$8.67 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 56.20 and a beta of 1.24. The company’s fifty day moving average is C$58.30 and its 200 day moving average is C$47.26. Eldorado Gold Co. has a fifty-two week low of C$21.82 and a fifty-two week high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share for the quarter. The firm had revenue of C$767.52 million during the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. Research analysts expect that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on ELD shares. Canaccord Genuity Group cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. ATB Cormark Capital Markets cut their target price on shares of 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. Stifel Nicolaus raised their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. BMO Capital Markets upped their price objective on Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$61.57.

About Eldorado Gold

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.