Frank Hamilton Herbert Sells 17,736 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Frank Hamilton Herbert sold 17,736 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total transaction of C$765,663.12. Following the sale, the insider directly owned 19,621 shares in the company, valued at C$847,038.57. This trade represents a 47.48% decrease in their ownership of the stock.

Eldorado Gold Stock Performance

Shares of ELD traded up C$0.27 during midday trading on Monday, reaching C$46.94. The stock had a trading volume of 456,398 shares, 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 P/E/G ratio of 56.20 and a beta of 1.62. The firm has a 50 day simple moving average of C$49.26 and a 200-day simple moving average of C$49.09. Eldorado Gold Co. has a one year low of C$23.99 and a one year high of C$69.46. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ELD. Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Bank of America increased their price target on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Stifel Nicolaus raised their price target on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. 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. 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average 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.