Eldorado Gold (TSE:ELD) Issues Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) announced its quarterly earnings results on Thursday. The company reported C$0.77 earnings per share for the quarter, FiscalAI reports. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The firm had revenue of C$692.57 million for the quarter.

Eldorado Gold Price Performance

Shares of ELD stock traded up C$0.98 during trading on Thursday, hitting C$45.89. The company had a trading volume of 560,598 shares, compared to its average volume of 751,189. The stock’s 50-day moving average is C$44.04 and its two-hundred day moving average is C$49.60. The stock has a market capitalization of C$11.96 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 56.20 and a beta of 1.41. The company has a quick ratio of 2.27, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. Eldorado Gold has a 52 week low of C$28.26 and a 52 week high of C$69.46.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets set a C$82.00 price objective on shares of Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. National Bank Financial raised their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, TD reduced their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. 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. According to MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and an average target price of C$63.50.

Insider Transactions at Eldorado Gold

In related news, insider Christian Milau acquired 12,400 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of C$40.17 per share, with a total value of C$498,108.00. Following the acquisition, the insider owned 43,273 shares of the company’s stock, valued at approximately C$1,738,276.41. The trade was a 40.16% increase in their position. Also, insider Sylvain Lehoux sold 10,247 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$442,362.99. Following the completion of the transaction, the insider owned 2,146 shares of the company’s stock, valued at C$92,642.82. This trade represents a 82.68% decrease in their ownership of the stock. Over the last ninety days, insiders have purchased 47,356 shares of company stock worth $2,091,456 and have sold 143,588 shares worth $6,212,553. 0.58% of the stock is currently owned by corporate insiders.

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.