Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells 1,807 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Frank Hamilton Herbert sold 1,807 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total value of C$78,008.19. Following the sale, the insider directly owned 17,814 shares of the company’s stock, valued at approximately C$769,030.38. This represents a 9.21% decrease in their ownership of the stock.

Frank Hamilton Herbert also recently made the following trade(s):

• On Wednesday, May 6th, Frank Hamilton Herbert sold 17,736 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$765,663.12.

Eldorado Gold Trading Up 0.8%

Shares of TSE ELD traded up C$0.38 during mid-day trading on Monday, hitting C$47.05. 928,864 shares of the company traded hands, compared to its average volume of 799,767. Eldorado Gold Co. has a 1 year low of C$23.99 and a 1 year high of C$69.46. The stock has a market capitalization of C$12.39 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 56.20 and a beta of 1.62. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The business has a 50 day moving average of C$49.26 and a two-hundred day moving average of C$49.09.

Eldorado Gold (TSE:ELD) (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 return on equity of 13.69% and a net margin of 28.71%.The business had revenue of C$740.23 million during the quarter. On average, sell-side analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ELD shares. Bank of America upped their target price on Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. National Bank Financial increased their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. TD reduced their price objective on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Stifel Nicolaus increased their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Finally, Canaccord Genuity Group downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and an average target price of C$63.50.

Key Eldorado Gold News

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Director Daniel Myerson bought 332 shares at C$48.25, increasing his stake by 13.28%, which may signal confidence in Eldorado Gold’s outlook.
• Positive Sentiment: Insider Simon Oswald Hille also purchased 2,500 shares at C$42.16, adding to his position and partially offsetting concerns around recent selling.
• Neutral Sentiment: Multiple insiders and a director sold shares at C$43.17, including Paul Anthony Ferneyhough, Frank Hamilton Herbert, Sylvain Lehoux, Simon Oswald Hille, and George Raymond Burns. These trades were sizeable, but some appear to be routine or partial profit-taking rather than a clear change in business fundamentals.
• Neutral Sentiment: The company has not announced any major operating update in the provided items; recent trading may be reacting mainly to insider transaction disclosures rather than new fundamentals.

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.