Eldorado Gold (TSE:ELD) Director Sells 61,327 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns sold 61,327 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total transaction of C$2,647,486.59. Following the transaction, the director owned 502,605 shares in the company, valued at C$21,697,457.85. This represents a 10.87% decrease in their position.

Eldorado Gold Stock Up 0.6%

TSE:ELD traded up C$0.27 during trading hours on Monday, reaching C$46.94. The company’s stock had a trading volume of 456,398 shares, compared to its average volume of 794,414. The company has a market cap of C$12.36 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a one year low of C$23.99 and a one year high of C$69.46. The business’s 50-day moving average is C$49.26 and its 200-day moving average is C$49.09. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The company had revenue of C$740.23 million for the quarter. Equities research analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ELD. National Bank Financial boosted their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their price target for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Bank of America boosted their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Stifel Nicolaus upped their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$63.50.

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.