Insider Buying: Eldorado Gold (TSE:ELD) Insider Buys 12,400 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau bought 12,400 shares of the stock in a transaction on Tuesday, May 5th. The stock was purchased at an average cost of C$40.17 per share, with a total value of C$498,108.00. Following the completion of the purchase, the insider directly owned 43,273 shares in the company, valued at C$1,738,276.41. This trade represents a 40.16% increase in their position.

Christian Milau also recently made the following trade(s):

• On Tuesday, February 24th, Christian Milau bought 3,500 shares of Eldorado Gold stock. The shares were acquired at an average price of C$58.59 per share, for a total transaction of C$205,065.00.

Eldorado Gold Stock Up 7.1%

Shares of TSE:ELD traded up C$2.83 during midday trading on Wednesday, hitting C$42.72. 409,413 shares of the company’s stock traded hands, compared to its average volume of 779,204. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62. The company has a market cap of C$11.25 billion, a PE ratio of 15.26, a P/E/G ratio of 56.20 and a beta of 1.62. The firm’s fifty day moving average price is C$49.88 and its two-hundred day moving average price is C$49.05. Eldorado Gold Co. has a twelve month low of C$23.99 and a twelve month high of C$69.46.

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. The business had revenue of C$740.23 million for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. On average, equities research analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Analysts Set New Price Targets

ELD has been the subject of a number of recent research reports. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday. 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 report on Wednesday, April 15th. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Stifel Nicolaus boosted their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Finally, National Bank Financial boosted their price objective on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.