Seda Erdemir Sells 1,239 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO) Director Seda Erdemir sold 1,239 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total transaction of C$74,798.43.

Eldorado Gold Stock Down 3.7%

Shares of TSE ELD opened at C$59.19 on Friday. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. Eldorado Gold Co. has a 12-month low of C$34.25 and a 12-month high of C$69.46. The firm’s 50-day moving average price is C$51.69 and its 200-day moving average price is C$48.97. The stock has a market capitalization of C$15.44 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 56.20 and a beta of 1.69.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%.The company had revenue of C$692.57 million during the quarter. On average, equities research analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Canaccord Genuity Group lifted their price objective on shares of Eldorado Gold from C$45.00 to C$55.00 in a research note on Thursday, August 13th. ATB Cormark Capital Markets boosted their price objective on shares of Eldorado Gold from C$45.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Thursday. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group raised shares of Eldorado Gold to a “strong-buy” rating in a research note on Thursday, August 20th. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$59.38.

Check Out Our Latest Analysis on Eldorado Gold

Trending Headlines about Eldorado Gold

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

  • Positive Sentiment: First Skouries concentrate produced: Eldorado Gold produced its first copper-gold concentrate at the Skouries project in northern Greece. The milestone signals progress toward commissioning and eventual production growth from one of the company’s key development assets. Eldorado produces first gold, copper concentrate at Skouries in Greece
  • Positive Sentiment: ATB Cormark raises price target: ATB Cormark lifted its target for ELD from C$45 to C$64 while maintaining a “sector perform” rating. The new target implies approximately 7.8% upside from the referenced C$59.36 level, suggesting the analyst sees continued value after the stock’s strong advance over the past year.
  • Neutral Sentiment: Analyst view remains broadly constructive: Eldorado Gold has a consensus “Buy” rating and an average target of approximately C$62.50, although the ATB Cormark rating indicates performance broadly in line with the sector rather than a clear outperform call.
  • Negative Sentiment: Director sells shares: Director Seda Erdemir sold 1,239 shares at an average price of C$60.37, generating proceeds of about C$74,800. The transaction is relatively small compared with Eldorado Gold’s market value, but insider selling can weigh modestly on sentiment because it signals reduced personal exposure by a company director. Eldorado Gold Director Sells 1,239 Shares

About Eldorado Gold

(Get Free Report)

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

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

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