Eldorado Gold (TSE:ELD) Director Daniel Myerson Purchases 1,100 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Daniel Myerson purchased 1,100 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of C$43.71 per share, with a total value of C$48,081.00. Following the transaction, the director directly owned 3,941 shares in the company, valued at C$172,261.11. This trade represents a 38.72% increase in their ownership of the stock.

Daniel Myerson also recently made the following trade(s):

• On Friday, May 15th, Daniel Myerson acquired 9 shares of Eldorado Gold stock. The shares were bought at an average cost of C$43.92 per share, for a total transaction of C$395.28.
• On Monday, May 11th, Daniel Myerson bought 332 shares of Eldorado Gold stock. The stock was bought at an average price of C$48.25 per share, with a total value of C$16,019.00.

Eldorado Gold Stock Down 7.8%

ELD traded down C$3.70 on Friday, hitting C$43.51. 675,653 shares of the company were exchanged, compared to its average volume of 801,003. The firm has a 50-day moving average price of C$47.62 and a two-hundred day moving average price of C$49.42. 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 twelve month low of C$24.30 and a twelve month high of C$69.46. The company has a market cap of C$11.46 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share (EPS) 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. On average, equities analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ELD. National Bank Financial lifted their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Bank of America raised their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Stifel Nicolaus lifted their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.