Christian Milau Acquires 3,500 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau purchased 3,500 shares of the stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the acquisition, the insider owned 14,994 shares in the company, valued at approximately C$878,498.46. The trade was a 30.45% increase in their position.

Eldorado Gold Stock Down 0.6%

Shares of ELD stock traded down C$0.34 on Tuesday, reaching C$59.82. 232,351 shares of the company were exchanged, compared to its average volume of 736,572. 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 company has a 50-day moving average of C$56.11 and a 200-day moving average of C$44.47. The company has a market cap of C$12.03 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 56.20 and a beta of 1.44. Eldorado Gold Co. has a one year low of C$19.21 and a one year high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$3.29 earnings per share (EPS) for the quarter. The business had revenue of C$767.52 million for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%. Analysts anticipate that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ELD shares. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. BMO Capital Markets upped their target price on shares of Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Stifel Nicolaus increased their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. ATB Cormark Capital Markets cut their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$58.93.

Eldorado Gold Company Profile

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.