Eldorado Gold (TSE:ELD) Director Sells C$269,769.33 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns sold 6,249 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$269,769.33. Following the completion of the transaction, the director owned 496,356 shares in the company, valued at approximately C$21,427,688.52. This trade represents a 1.24% decrease in their ownership of the stock.

George Raymond Burns also recently made the following trade(s):

• On Tuesday, May 12th, George Raymond Burns bought 21,000 shares of Eldorado Gold stock. The shares were bought at an average price of C$47.34 per share, for a total transaction of C$994,140.00.
• On Wednesday, May 6th, George Raymond Burns sold 61,327 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$2,647,486.59.

Eldorado Gold Price Performance

TSE ELD opened at C$48.70 on Thursday. The company has a market capitalization of C$12.82 billion, a PE ratio of 17.39, a price-to-earnings-growth 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. The business’s fifty day moving average is C$48.08 and its 200 day moving average is C$49.38. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two week high of C$69.46.

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

Analysts Set New Price Targets

ELD has been the topic of a number of research analyst reports. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Bank of America boosted their target price on Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Stifel Nicolaus boosted their target price on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and a consensus price target 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.