Eldorado Gold (TSE:ELD) Insider Acquires C$46,376.00 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough acquired 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average cost of C$42.16 per share, for a total transaction of C$46,376.00. Following the acquisition, the insider owned 35,257 shares of the company’s stock, valued at C$1,486,435.12. This represents a 3.22% increase in their position.

Eldorado Gold Price Performance

ELD stock traded up C$2.83 during trading on Wednesday, reaching C$42.72. 409,413 shares of the company were exchanged, compared to its average volume of 779,204. The company has a market cap of C$11.25 billion, a P/E ratio of 15.26, a PEG ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a 52-week low of C$23.99 and a 52-week high of C$69.46. The stock’s 50 day moving average price is C$49.88 and its 200 day moving average price is C$49.05. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released 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 for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. As a group, analysts predict 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 research reports. Bank of America lifted their target price on shares of Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. National Bank Financial lifted 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 research report on Wednesday, April 15th. 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. Finally, Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. One investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$63.50.

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.