Eldorado Gold (TSE:ELD) Insider Sells C$286,605.63 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Simon Oswald Hille sold 6,639 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total transaction of C$286,605.63. Following the completion of the transaction, the insider directly owned 16,062 shares of the company’s stock, valued at C$693,396.54. This represents a 29.25% decrease in their position.

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

• On Wednesday, May 6th, Simon Oswald Hille purchased 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 Stock Up 0.6%

Shares of Eldorado Gold stock traded up C$0.27 during trading hours on Monday, reaching C$46.94. 456,398 shares of the company were exchanged, compared to its average volume of 794,414. The firm has a market cap of C$12.36 billion, a PE ratio of 16.76, a PEG ratio of 56.20 and a beta of 1.62. 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 Co. has a 1 year low of C$23.99 and a 1 year high of C$69.46. The stock’s fifty day moving average is C$49.26 and its 200 day moving average is C$49.09.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. National Bank Financial lifted their price objective 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. Stifel Nicolaus boosted their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Finally, ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$63.50.

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.