Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO) insider Simon Oswald Hille sold 1,390 shares of Eldorado Gold stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$60,006.30. Following the completion of the transaction, the insider directly owned 14,672 shares of the company’s stock, valued at approximately C$633,390.24. This trade represents a 8.65% decrease in their ownership of the stock.
Simon Oswald Hille also recently made the following trade(s):
- On Wednesday, May 6th, Simon Oswald Hille sold 6,639 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$286,605.63.
- On Wednesday, May 6th, Simon Oswald Hille purchased 2,500 shares of Eldorado Gold stock. The shares were bought at an average price of C$42.16 per share, with a total value of C$105,400.00.
Eldorado Gold Stock Up 0.8%
ELD stock traded up C$0.38 during mid-day trading on Monday, reaching C$47.05. 928,864 shares of the company traded hands, compared to its average volume of 799,767. The stock has a market cap of C$12.39 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 56.20 and a beta of 1.62. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two week high of C$69.46. The firm’s 50 day moving average price is C$49.26 and its 200 day moving average price is C$49.09.
More Eldorado Gold News
Here are the key news stories impacting Eldorado Gold this week:
- Positive Sentiment: Director Daniel Myerson bought 332 shares at C$48.25, increasing his stake by 13.28%, which may signal confidence in Eldorado Gold’s outlook.
- Positive Sentiment: Insider Simon Oswald Hille also purchased 2,500 shares at C$42.16, adding to his position and partially offsetting concerns around recent selling.
- Neutral Sentiment: Multiple insiders and a director sold shares at C$43.17, including Paul Anthony Ferneyhough, Frank Hamilton Herbert, Sylvain Lehoux, Simon Oswald Hille, and George Raymond Burns. These trades were sizeable, but some appear to be routine or partial profit-taking rather than a clear change in business fundamentals.
- Neutral Sentiment: The company has not announced any major operating update in the provided items; recent trading may be reacting mainly to insider transaction disclosures rather than new fundamentals.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Stifel Nicolaus upped their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. BMO Capital Markets set a C$82.00 price objective on Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. TD dropped their price objective 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. Bank of America upped their price objective on 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 research note on Friday, February 20th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$63.50.
View Our Latest Research Report on Eldorado Gold
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.
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