Eldorado Gold (TSE:ELD) Director Acquires C$259,980.00 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Steven Paul Reid bought 6,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was purchased at an average cost of C$43.33 per share, with a total value of C$259,980.00. Following the purchase, the director directly owned 28,000 shares of the company’s stock, valued at approximately C$1,213,240. This represents a 27.27% increase in their position.

Eldorado Gold Stock Up 3.2%

Shares of TSE:ELD opened at C$46.67 on Friday. Eldorado Gold Co. has a 52 week low of C$23.99 and a 52 week high of C$69.46. 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 company has a market capitalization of C$12.29 billion, a PE ratio of 16.67, a PEG ratio of 56.20 and a beta of 1.62. The company has a 50 day moving average price of C$49.26 and a two-hundred day moving average price of C$49.09.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ELD shares. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. National Bank Financial increased their price objective on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Stifel Nicolaus increased their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Finally, TD lowered their price objective 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 equities research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.