Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells C$293,901.36 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 6,808 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$293,901.36. Following the sale, the insider owned 43,940 shares of the company’s stock, valued at approximately C$1,896,889.80. This trade represents a 13.42% decrease in their position.

Paul Anthony Ferneyhough also recently made the following trade(s):

• On Tuesday, May 5th, Paul Anthony Ferneyhough sold 1,425 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$61,517.25.
• On Wednesday, May 6th, Paul Anthony Ferneyhough acquired 1,100 shares of Eldorado Gold stock. The stock was purchased at an average price of C$42.16 per share, with a total value of C$46,376.00.

Eldorado Gold Price Performance

Shares of ELD stock opened at C$48.70 on Thursday. 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 company has a market capitalization 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 12 month low of C$23.99 and a 12 month high of C$69.46. The stock has a 50 day moving average of C$48.08 and a two-hundred day moving average of C$49.38.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. The business 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%. As a group, equities analysts expect that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Analyst Upgrades and Downgrades

ELD has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Bank of America lifted their target price on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Stifel Nicolaus lifted their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.