Insider Buying: Eldorado Gold Corp (ELD) Director Buys C$32,500.00 in Stock
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) Director Paul Nicholas Wright bought 12,500 shares of the business’s stock in a transaction on Friday, June 30th. The stock was acquired at an average cost of C$2.60 per share, for a total transaction of C$32,500.00.
Eldorado Gold Corp (ELD) traded down 0.32% during midday trading on Monday, hitting $3.13. The stock had a trading volume of 2,124,837 shares. The company’s market cap is $2.24 billion. The stock’s 50 day moving average price is $4.10 and its 200-day moving average price is $4.38. Eldorado Gold Corp has a 52 week low of $3.11 and a 52 week high of $6.71.
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A number of equities analysts have issued reports on ELD shares. Royal Bank of Canada reissued an “outperform” rating and issued a C$5.70 target price on shares of Eldorado Gold Corp in a report on Friday, May 26th. Scotiabank reissued an “outperform” rating and issued a C$4.25 target price on shares of Eldorado Gold Corp in a report on Wednesday, March 29th. BMO Capital Markets reissued a “market perform” rating and issued a C$5.00 target price on shares of Eldorado Gold Corp in a report on Thursday, March 30th. Eight Capital cut their target price on shares of Eldorado Gold Corp from C$6.00 to C$5.25 in a report on Monday, June 12th. Finally, Canaccord Genuity cut shares of Eldorado Gold Corp from a “buy” rating to a “speculative buy” rating and set a C$6.00 target price on the stock. in a report on Thursday, June 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Eldorado Gold Corp presently has a consensus rating of “Buy” and an average price target of C$5.28.
About Eldorado Gold Corp
Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.
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