Eldorado Gold (TSE:ELD) Insider Sylvain Lehoux Sells 5,899 Shares

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO) insider Sylvain Lehoux sold 5,899 shares of Eldorado Gold stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of C$44.89, for a total value of C$264,806.11.

Sylvain Lehoux also recently made the following trade(s):

  • On Wednesday, May 6th, Sylvain Lehoux sold 2,146 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$92,642.82.
  • On Wednesday, May 6th, Sylvain Lehoux sold 10,247 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$442,362.99.

Eldorado Gold Stock Up 3.5%

Eldorado Gold stock opened at C$48.70 on Wednesday. The business has a fifty day moving average of C$48.38 and a two-hundred day moving average of C$49.30. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The firm has a market cap of C$12.82 billion, a P/E ratio of 17.39, a P/E/G 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.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last posted its earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share for the quarter. The company had revenue of C$740.23 million during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. On average, analysts forecast that Eldorado Gold Co. will post 2.1505174 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ELD. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. TD decreased their target price 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. Stifel Nicolaus lifted their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, National Bank Financial lifted their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. 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 stock. Based on data from MarketBeat.com, Eldorado Gold presently has an average rating of “Moderate Buy” and an average price target of C$63.50.

Read Our Latest Stock Report on ELD

Trending Headlines about Eldorado Gold

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

  • Positive Sentiment: Director Daniel Myerson bought 332 shares, increasing his stake by 13.28%, which can be viewed as a vote of confidence in Eldorado Gold’s outlook.
  • Neutral Sentiment: The company also reported regular insider trading activity around the same period, including several buys and sells, which may reflect portfolio management rather than a major change in fundamentals.
  • Negative Sentiment: Multiple insiders and directors sold shares, including larger disposals by George Raymond Burns, Paul Anthony Ferneyhough, Frank Hamilton Herbert, Simon Oswald Hille, and Sylvain Lehoux, which may weigh on sentiment because investors often interpret broad insider selling as cautionary.

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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