Eldorado Gold (TSE:ELD) Director Buys C$50,009.20 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Sally Louise Eyre bought 1,240 shares of Eldorado Gold stock in a transaction dated Tuesday, May 5th. The stock was purchased at an average cost of C$40.33 per share, with a total value of C$50,009.20. Following the completion of the acquisition, the director directly owned 1,240 shares in the company, valued at approximately C$50,009.20. The trade was a ∞ increase in their position.

Eldorado Gold Stock Up 3.2%

Eldorado Gold stock opened at C$46.67 on Friday. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two 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 P/E ratio of 16.67, a PEG ratio of 56.20 and a beta of 1.62. The stock has a 50-day simple moving average of C$49.26 and a 200-day simple moving average of C$49.09.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ELD shares. National Bank Financial increased their target price 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. 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. 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. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Finally, TD decreased their target price on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, 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.