Insider Selling: Eldorado Gold (TSE:ELD) Director Sells 6,249 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns sold 6,249 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$269,769.33. Following the completion of the sale, the director owned 496,356 shares of the company’s stock, valued at C$21,427,688.52. This trade represents a 1.24% decrease in their ownership of the stock.

George Raymond Burns also recently made the following trade(s):

• On Wednesday, May 6th, George Raymond Burns sold 61,327 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$2,647,486.59.

Eldorado Gold Stock Performance

Shares of TSE:ELD traded up C$0.33 during midday trading on Monday, hitting C$47.00. The company had a trading volume of 608,114 shares, compared to its average volume of 795,016. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28. The company has a market cap of C$12.38 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a 12-month low of C$23.99 and a 12-month high of C$69.46. The company has a fifty 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 posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. The firm had revenue of C$740.23 million during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. On average, equities research analysts expect that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ELD has been the subject of several recent analyst reports. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, National Bank Financial upped their target price on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company 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.