Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 1,425 shares of Eldorado Gold stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$43.17, for a total value of C$61,517.25. Following the transaction, the insider directly owned 49,648 shares in the company, valued at C$2,143,304.16. The trade was a 2.79% decrease in their ownership of the stock.
Paul Anthony Ferneyhough also recently made the following trade(s):
- On Wednesday, May 6th, Paul Anthony Ferneyhough sold 6,808 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$293,901.36.
- On Wednesday, May 6th, Paul Anthony Ferneyhough acquired 1,100 shares of Eldorado Gold stock. The stock was acquired at an average cost of C$42.16 per share, with a total value of C$46,376.00.
Eldorado Gold Stock Performance
ELD stock opened at C$48.70 on Wednesday. The stock has a 50-day moving average price of C$48.38 and a 200-day moving average price of C$49.30. Eldorado Gold Co. has a 1-year low of C$23.99 and a 1-year 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 cap of C$12.82 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62.
Analyst Upgrades and Downgrades
ELD has been the topic of several recent analyst reports. Canaccord Genuity Group cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Stifel Nicolaus upped their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, National Bank Financial upped their target price on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock 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 issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$63.50.
View Our Latest Analysis on Eldorado Gold
Eldorado Gold News Roundup
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.
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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