Christian Milau Purchases 2,700 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau bought 2,700 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the completion of the acquisition, the insider owned 11,290 shares of the company’s stock, valued at C$417,617.10. This trade represents a 31.43% increase in their ownership of the stock.

Eldorado Gold Price Performance

TSE ELD traded up C$0.38 during mid-day trading on Friday, hitting C$37.44. The stock had a trading volume of 175,725 shares, compared to its average volume of 423,710. Eldorado Gold Co. has a twelve month low of C$18.94 and a twelve month high of C$43.41. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The stock has a market capitalization of C$7.53 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 56.20 and a beta of 1.33. The firm’s 50 day moving average is C$37.94 and its 200 day moving average is C$31.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. National Bankshares lifted their target price on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and increased their target price for the company from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. Finally, Bank of America upped their price objective on Eldorado Gold from C$28.50 to C$33.50 in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$35.75.

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.