Eldorado Gold (TSE:ELD) Director Daniel Myerson Purchases 332 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Daniel Myerson bought 332 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of C$48.25 per share, with a total value of C$16,019.00. Following the acquisition, the director directly owned 2,832 shares of the company’s stock, valued at approximately C$136,644. This represents a 13.28% increase in their position.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded up C$0.27 during trading on Monday, reaching C$46.94. The company’s stock had a trading volume of 456,398 shares, compared to its average volume of 794,414. 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 business’s 50-day moving average price is C$49.26 and its 200-day moving average price is C$49.09. Eldorado Gold Co. has a 52 week low of C$23.99 and a 52 week high of C$69.46. 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.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on ELD shares. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Canaccord Genuity Group lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Finally, ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company 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.