Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells C$61,517.25 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 1,425 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$43.17, for a total transaction of C$61,517.25. Following the transaction, the insider owned 49,648 shares in the company, valued at approximately C$2,143,304.16. This trade represents a 2.79% decrease in their ownership of the stock.

Paul Anthony Ferneyhough also recently made the following trade(s):

• On Wednesday, May 6th, Paul Anthony Ferneyhough sold 6,808 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total transaction of C$293,901.36.
• On Wednesday, May 6th, Paul Anthony Ferneyhough bought 1,100 shares of Eldorado Gold stock. The shares were bought at an average price of C$42.16 per share, for a total transaction of C$46,376.00.

Eldorado Gold Stock Performance

Shares of ELD opened at C$48.70 on Thursday. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81. The firm’s 50-day moving average is C$48.08 and its two-hundred day moving average is C$49.38. Eldorado Gold Co. has a twelve month low of C$23.99 and a twelve month high of C$69.46. The firm has a market capitalization of C$12.82 billion, a P/E ratio of 17.39, a PEG ratio of 56.20 and a beta of 1.62.

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

Analysts Set New Price Targets

Several brokerages have issued reports on ELD. Stifel Nicolaus upped their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. BMO Capital Markets set a C$82.00 price objective on shares of Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. National Bank Financial upped their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Finally, ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock 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.