Eldorado Gold (TSE:ELD) Director Steven Paul Reid Purchases 6,000 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Steven Paul Reid purchased 6,000 shares of Eldorado Gold stock in a transaction on Wednesday, May 6th. The stock was purchased at an average price of C$43.33 per share, for a total transaction of C$259,980.00. Following the completion of the transaction, the director owned 28,000 shares of the company’s stock, valued at approximately C$1,213,240. This represents a 27.27% increase in their ownership of the stock.

Eldorado Gold Price Performance

TSE:ELD opened at C$43.13 on Thursday. The firm has a market cap of C$11.36 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. 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 quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The company’s 50-day moving average price is C$49.54 and its two-hundred day moving average price is C$49.05.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. BMO Capital Markets set a C$82.00 price target on shares of Eldorado Gold and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. National Bank Financial boosted their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Finally, TD lowered their target price on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Eldorado Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$63.50.

More Eldorado Gold News

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

• Positive Sentiment: Multiple insiders and directors bought shares May 5–6 (aggregate ~21,740 shares; ~C$895k notional). Notable buys: Christian Milau (12,400 @ C$40.17; +40% position), Steven Reid (6,000 @ C$43.33; +27%), plus smaller purchases by Sally Eyre, Stephen Walker and Paul Ferneyhough — signals management confidence and provides a near-term demand floor.
• Positive Sentiment: Eldorado received mining sustainability awards alongside Teck, boosting ESG profile and investor perception of operational/social license — can help valuation and access to capital. Eldorado Gold and Teck Resources earn top mining sustainability awards
• Neutral Sentiment: Exploration/option activity at the Perestroika prospect in Val-d’Or (Quebec) was updated — could add long-term resource upside but impact is speculative until drilling results or a defined option agreement are public. Val-D’Or Mining Exploration Update – Perestroika Prospect Eldorado Gold (Quebec) Inc. Option
• Negative Sentiment: ATB Cormark downgraded Eldorado from “moderate buy” to “hold” — analyst downgrade can cap near-term upside and may temper momentum if other analysts follow. Read More

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.