Eldorado Gold (TSE:ELD) Insider Frank Hamilton Herbert Sells 17,736 Shares

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO) insider Frank Hamilton Herbert sold 17,736 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total value of C$765,663.12. Following the completion of the transaction, the insider directly owned 19,621 shares in the company, valued at approximately C$847,038.57. This represents a 47.48% decrease in their ownership of the stock.

Eldorado Gold Stock Performance

ELD stock traded up C$0.27 during trading hours on Monday, hitting C$46.94. 456,398 shares of the stock were exchanged, compared to its average volume of 794,414. Eldorado Gold Co. has a 12 month low of C$23.99 and a 12 month high of C$69.46. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81. The firm has a market capitalization of C$12.36 billion, a P/E ratio of 16.76, a P/E/G ratio of 56.20 and a beta of 1.62. The company 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 released its quarterly earnings results on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The business had revenue of C$740.23 million for the quarter. On average, analysts forecast that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ELD shares. TD reduced their price objective on shares of 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. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Bank of America upped their target price on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$63.50.

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About Eldorado Gold

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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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