Eldorado Gold (TSE:ELD) Insider Christian Milau Buys 2,700 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau purchased 2,700 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the transaction, the insider directly owned 11,290 shares in the company, valued at approximately C$417,617.10. The trade was a 31.43% increase in their ownership of the stock.

Eldorado Gold Stock Performance

ELD stock traded up C$0.38 during trading hours on Friday, hitting C$37.44. 175,725 shares of the stock were exchanged, compared to its average volume of 423,710. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The firm has a market capitalization of C$7.53 billion, a P/E ratio of 20.80, a P/E/G ratio of 56.20 and a beta of 1.33. The company has a 50-day simple moving average of C$37.94 and a two-hundred day simple moving average of C$31.72. Eldorado Gold Co. has a 12 month low of C$18.94 and a 12 month high of C$43.41.

Wall Street Analyst Weigh In

ELD has been the topic of a number of recent analyst reports. National Bankshares lifted their price target on Eldorado Gold from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. Finally, Bank of America increased their target price on Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$35.75.

Eldorado Gold Company Profile

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.