Eldorado Gold (TSE:ELD) Director Seda Erdemir Sells 1,239 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Seda Erdemir sold 1,239 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total transaction of C$74,798.43.

Eldorado Gold Stock Up 1.6%

ELD stock opened at C$61.49 on Thursday. The company has a market cap of C$16.04 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 56.20 and a beta of 1.69. The company has a fifty day moving average price of C$51.46 and a 200 day moving average price of C$48.97. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27. Eldorado Gold Co. has a 12 month low of C$34.25 and a 12 month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. The company had revenue of C$692.57 million for the quarter. Sell-side analysts expect that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group upgraded Eldorado Gold to a “strong-buy” rating in a research note on Thursday, August 20th. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Canaccord Genuity Group upped their price objective on shares of Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday, August 13th. Finally, National Bank Financial raised their target price on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Eldorado Gold presently has an average rating of “Buy” and an average price target of C$62.50.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).