Eldorado Gold (TSE:ELD) Director Purchases C$48,081.00 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Daniel Myerson acquired 1,100 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of C$43.71 per share, with a total value of C$48,081.00. Following the acquisition, the director owned 3,941 shares of the company’s stock, valued at C$172,261.11. This represents a 38.72% increase in their position.

Daniel Myerson also recently made the following trade(s):

• On Friday, May 15th, Daniel Myerson bought 9 shares of Eldorado Gold stock. The shares were acquired at an average price of C$43.92 per share, for a total transaction of C$395.28.
• On Monday, May 11th, Daniel Myerson bought 332 shares of Eldorado Gold stock. The stock was acquired at an average cost of C$48.25 per share, for a total transaction of C$16,019.00.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock opened at C$43.51 on Monday. Eldorado Gold Co. has a 1 year low of C$24.30 and a 1 year high of C$69.46. The firm has a market cap of C$11.46 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 56.20 and a beta of 1.62. The company has a 50-day moving average of C$47.62 and a 200 day moving average of C$49.52. 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 quarterly earnings data on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The business had revenue of C$740.23 million for the quarter. As a group, sell-side analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELD has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. National Bank Financial lifted their price target on 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. TD dropped their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Finally, ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. 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, the company 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.