Eldorado Gold (TSE:ELD) Posts Quarterly Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) announced its quarterly earnings data on Thursday. The company reported C$0.77 earnings per share (EPS) for the quarter, FiscalAI reports. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The company had revenue of C$692.57 million for the quarter.

Eldorado Gold Stock Performance

Shares of ELD opened at C$42.31 on Friday. Eldorado Gold has a 52 week low of C$28.26 and a 52 week high of C$69.46. The stock has a market cap of C$11.02 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 56.20 and a beta of 1.41. The business has a 50-day simple moving average of C$44.07 and a two-hundred day simple moving average of C$49.49. The company has a quick ratio of 2.27, a current ratio of 1.62 and a debt-to-equity ratio of 28.81.

Insider Buying and Selling

In related news, Director Daniel Myerson purchased 1,100 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of C$43.71 per share, for a total transaction of C$48,081.00. Following the completion of the transaction, the director owned 3,941 shares in the company, valued at approximately C$172,261.11. The trade was a 38.72% increase in their position. Also, insider Mehmet Yilmaz sold 5,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$44.42, for a total value of C$222,100.00. Following the completion of the transaction, the insider directly owned 27,543 shares in the company, valued at C$1,223,460.06. This trade represents a 15.36% decrease in their position. In the last three months, insiders have purchased 47,356 shares of company stock valued at $2,091,456 and have sold 143,588 shares valued at $6,212,553. Company insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ELD shares. TD cut their price target on 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. BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. National Bank Financial raised their price objective 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. Finally, ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.