Simon Oswald Hille Sells 1,390 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Simon Oswald Hille sold 1,390 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$60,006.30. Following the transaction, the insider owned 14,672 shares of the company’s stock, valued at C$633,390.24. The trade was a 8.65% decrease in their ownership of the stock.

Simon Oswald Hille also recently made the following trade(s):

• On Wednesday, May 6th, Simon Oswald Hille sold 6,639 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$286,605.63.
• On Wednesday, May 6th, Simon Oswald Hille acquired 2,500 shares of Eldorado Gold stock. The stock was acquired at an average price of C$42.16 per share, with a total value of C$105,400.00.

Eldorado Gold Trading Up 3.5%

Shares of TSE:ELD opened at C$48.70 on Wednesday. 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 quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The company’s fifty day simple moving average is C$48.38 and its 200 day simple moving average is C$49.30. The firm has a market cap of C$12.82 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 56.20 and a beta of 1.62.

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

Eldorado Gold News Roundup

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

• Positive Sentiment: Director Daniel Myerson bought 332 shares, increasing his stake by 13.28%, which can be viewed as a vote of confidence in Eldorado Gold’s outlook.
• Neutral Sentiment: The company also reported regular insider trading activity around the same period, including several buys and sells, which may reflect portfolio management rather than a major change in fundamentals.
• Negative Sentiment: Multiple insiders and directors sold shares, including larger disposals by George Raymond Burns, Paul Anthony Ferneyhough, Frank Hamilton Herbert, Simon Oswald Hille, and Sylvain Lehoux, which may weigh on sentiment because investors often interpret broad insider selling as cautionary.

Analyst Upgrades and Downgrades

ELD has been the topic of a number of research analyst reports. National Bank Financial increased their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Stifel Nicolaus increased their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.