Eldorado Gold (TSE:ELD) Insider Acquires C$205,065.00 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau bought 3,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the completion of the purchase, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. This represents a 30.45% increase in their ownership of the stock.

Eldorado Gold Trading Up 2.6%

Shares of Eldorado Gold stock opened at C$62.33 on Friday. The firm’s 50 day simple moving average is C$56.91 and its two-hundred day simple moving average is C$44.90. The firm has a market capitalization of C$12.53 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 56.20 and a beta of 1.44. Eldorado Gold Co. has a 12-month low of C$19.21 and a 12-month high of C$69.46. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$3.29 EPS for the quarter. The business had revenue of C$767.52 million during the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. Analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Wall Street Analyst Weigh In

ELD has been the topic of a number of research reports. BMO Capital Markets increased their price objective on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. ATB Cormark Capital Markets cut their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$61.57.

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.