Eldorado Gold (TSE:ELD) Posts Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) released its quarterly earnings results on Thursday. The company reported C$0.95 earnings per share for the quarter, FiscalAI reports. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. The company had revenue of C$740.23 million for the quarter.

Eldorado Gold Stock Performance

TSE ELD opened at C$40.53 on Friday. Eldorado Gold has a 52-week low of C$23.99 and a 52-week high of C$69.46. The company has a 50-day simple moving average of C$50.26 and a 200 day simple moving average of C$48.92. The company has a debt-to-equity ratio of 30.34, a quick ratio of 2.28 and a current ratio of 1.83. The company has a market capitalization of C$10.67 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 56.20 and a beta of 1.67.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau bought 3,500 shares of Eldorado Gold stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average price of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the purchase, the insider directly owned 14,994 shares of the company’s stock, valued at approximately C$878,498.46. This trade represents a 30.45% increase in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,492 shares of Eldorado Gold stock in a transaction dated Monday, March 16th. The stock was sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the completion of the transaction, the insider owned 8,427 shares of the company’s stock, valued at C$431,630.94. The trade was a 39.46% decrease in their position. Company insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ELD. Canaccord Genuity Group lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Bank of America raised their price target on shares of Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. Stifel Nicolaus raised their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.