Sally Louise Eyre Acquires 1,240 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Sally Louise Eyre acquired 1,240 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of C$40.33 per share, with a total value of C$50,009.20. Following the completion of the transaction, the director directly owned 1,240 shares of the company’s stock, valued at approximately C$50,009.20. The trade was a ? increase in their ownership of the stock.

Eldorado Gold Trading Up 4.9%

Shares of ELD stock opened at C$45.23 on Friday. The firm has a 50 day moving average price of C$49.26 and a two-hundred day moving average price of C$49.09. 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 has a market capitalization of C$11.91 billion, a PE ratio of 16.15, 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.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.95 earnings per share (EPS) for the quarter. The firm had revenue of C$740.23 million during the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. As a group, analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Eldorado Gold News Summary

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

• Positive Sentiment: Significant insider/director buying — several insiders and directors bought shares on May 5–6 (aggregate roughly 21,740 shares, ~C$0.9M notional). Large individual buys include Christian Milau (12,400 shares @ C$40.17) and Steven Reid (6,000 @ C$43.33). Heavy insider accumulation is being viewed as a vote of confidence and may provide near?term demand support. Insider trades alert
• Positive Sentiment: ESG recognition — Eldorado and Teck won top mining sustainability awards, which can improve investor perception, reduce financing / permitting risk over time, and make the name more attractive to ESG-focused funds. Sustainability awards article
• Neutral Sentiment: Exploration/option update at the Perestroika prospect (Val?d’Or, Quebec) — development or optioning could add long?term upside, but the impact is speculative until drill results or definitive option terms are announced. Perestroika prospect update
• Negative Sentiment: Analyst pushback — ATB Cormark recently lowered Eldorado from “moderate buy” to “hold.” Analyst downgrades can limit near-term upside and may slow momentum if other brokers follow or trim estimates.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BMO Capital Markets set a C$82.00 price objective on shares of Eldorado Gold and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Canaccord Genuity Group downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. TD cut their price objective on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$63.50.

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.