Daniel Myerson Buys 332 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Daniel Myerson bought 332 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of C$48.25 per share, for a total transaction of C$16,019.00. Following the acquisition, the director owned 2,832 shares in the company, valued at C$136,644. The trade was a 13.28% increase in their position.

Eldorado Gold Price Performance

Shares of ELD stock opened at C$48.70 on Wednesday. The stock’s fifty day moving average is C$48.38 and its 200-day moving average is C$49.30. 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 stock has a market capitalization of C$12.82 billion, a PE ratio of 17.39, a PEG ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a 52 week low of C$23.99 and a 52 week high of C$69.46.

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

Eldorado Gold News Summary

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Director Daniel Myerson bought 332 shares, increasing his stake by 13.28%, which can be viewed as a vote of confidence in Eldorado Gold’s outlook.
• Neutral Sentiment: The company also reported regular insider trading activity around the same period, including several buys and sells, which may reflect portfolio management rather than a major change in fundamentals.
• Negative Sentiment: Multiple insiders and directors sold shares, including larger disposals by George Raymond Burns, Paul Anthony Ferneyhough, Frank Hamilton Herbert, Simon Oswald Hille, and Sylvain Lehoux, which may weigh on sentiment because investors often interpret broad insider selling as cautionary.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ELD shares. National Bank Financial raised their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Canaccord Genuity Group lowered Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Bank of America increased their target price on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. TD cut their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Finally, Stifel Nicolaus increased their target price on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. One investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$63.50.

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.