Insider Buying: Eldorado Gold (TSE:ELD) Director Acquires C$994,140.00 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns purchased 21,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of C$47.34 per share, for a total transaction of C$994,140.00. Following the completion of the transaction, the director directly owned 517,356 shares of the company’s stock, valued at approximately C$24,491,633.04. This trade represents a 4.23% increase in their ownership of the stock.

George Raymond Burns also recently made the following trade(s):

• On Wednesday, May 6th, George Raymond Burns sold 6,249 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$269,769.33.
• On Wednesday, May 6th, George Raymond Burns sold 61,327 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$2,647,486.59.

Eldorado Gold Stock Performance

Shares of TSE:ELD opened at C$47.21 on Friday. The business’s fifty day moving average price is C$47.88 and its two-hundred day moving average price is C$49.46. Eldorado Gold Co. has a fifty-two week low of C$24.30 and a fifty-two week high of C$69.46. The stock has a market capitalization of C$12.43 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly 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 firm had revenue of C$740.23 million for the quarter. As a group, analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD lowered their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada cut 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 report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.