Eldorado Gold (TSE:ELD) Insider Sells C$264,806.11 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Sylvain Lehoux sold 5,899 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of C$44.89, for a total value of C$264,806.11.

Sylvain Lehoux also recently made the following trade(s):

• On Wednesday, May 6th, Sylvain Lehoux sold 2,146 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total transaction of C$92,642.82.
• On Wednesday, May 6th, Sylvain Lehoux sold 10,247 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total transaction of C$442,362.99.

Eldorado Gold Trading Up 3.5%

TSE ELD traded up C$1.65 during trading on Tuesday, hitting C$48.70. The company had a trading volume of 1,076,279 shares, compared to its average volume of 802,806. 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 Co. has a one year low of C$23.99 and a one year high of C$69.46. The company has a market cap of C$12.82 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The company’s fifty day moving average is C$48.38 and its 200-day moving average is C$49.30.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results 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 firm had revenue of C$740.23 million for the quarter. On average, sell-side analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current 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.

Analysts Set New Price Targets

A number of research firms have weighed in on ELD. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. National Bank Financial lifted their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, Bank of America increased their price objective on Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. One research 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.