Paul Anthony Ferneyhough Sells 1,425 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 1,425 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$43.17, for a total value of C$61,517.25. Following the sale, the insider owned 49,648 shares in the company, valued at C$2,143,304.16. The trade was a 2.79% decrease in their position.

Paul Anthony Ferneyhough also recently made the following trade(s):

• On Wednesday, May 6th, Paul Anthony Ferneyhough sold 6,808 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$293,901.36.
• On Wednesday, May 6th, Paul Anthony Ferneyhough acquired 1,100 shares of Eldorado Gold stock. The stock was acquired at an average price of C$42.16 per share, for a total transaction of C$46,376.00.

Eldorado Gold Stock Performance

TSE:ELD traded up C$0.38 on Monday, hitting C$47.05. The company’s stock had a trading volume of 928,864 shares, compared to its average volume of 799,767. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81. The stock has a fifty day moving average of C$49.26 and a two-hundred day moving average of C$49.09. The firm has a market capitalization of C$12.39 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a one year low of C$23.99 and a one year high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, April 30th. The company reported C$0.95 earnings per share (EPS) for the quarter. The firm had revenue of C$740.23 million for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. Research analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. National Bank Financial increased their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Stifel Nicolaus increased their target price on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Canaccord Genuity Group lowered Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce lowered Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$63.50.

Key Headlines Impacting Eldorado Gold

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Director Daniel Myerson bought 332 shares at C$48.25, increasing his stake by 13.28%, which may signal confidence in Eldorado Gold’s outlook.
• Positive Sentiment: Insider Simon Oswald Hille also purchased 2,500 shares at C$42.16, adding to his position and partially offsetting concerns around recent selling.
• Neutral Sentiment: Multiple insiders and a director sold shares at C$43.17, including Paul Anthony Ferneyhough, Frank Hamilton Herbert, Sylvain Lehoux, Simon Oswald Hille, and George Raymond Burns. These trades were sizeable, but some appear to be routine or partial profit-taking rather than a clear change in business fundamentals.
• Neutral Sentiment: The company has not announced any major operating update in the provided items; recent trading may be reacting mainly to insider transaction disclosures rather than new fundamentals.

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.