Eldorado Gold (TSE:ELD) Director Acquires C$16,019.00 in Stock

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO) Director Daniel Myerson purchased 332 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average price of C$48.25 per share, with a total value of C$16,019.00. Following the completion of the acquisition, the director directly owned 2,832 shares of the company’s stock, valued at approximately C$136,644. This represents a 13.28% increase in their position.

Eldorado Gold Price Performance

Shares of TSE ELD traded up C$0.27 during mid-day trading on Monday, hitting C$46.94. 456,398 shares of the stock traded hands, compared to its average volume of 794,414. The company has a market cap of C$12.36 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a twelve month low of C$23.99 and a twelve month high of C$69.46. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28. The firm has a 50 day simple moving average of C$49.26 and a two-hundred day simple moving average of C$49.09.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last posted its earnings results on Thursday, April 30th. The company reported C$0.95 EPS 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 during the quarter. As a group, equities research analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ELD shares. BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the stock an “outperform” rating in a research report 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. TD cut their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Bank of America boosted their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Finally, Canaccord Genuity Group downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$63.50.

Read Our Latest Stock Report on Eldorado Gold

Eldorado Gold Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Eldorado Gold (TSE:ELD)

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