Paul Anthony Ferneyhough Purchases 1,100 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough purchased 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of C$42.16 per share, with a total value of C$46,376.00. Following the transaction, the insider directly owned 35,257 shares in the company, valued at C$1,486,435.12. This trade represents a 3.22% increase in their ownership of the stock.

Eldorado Gold Trading Up 4.9%

TSE:ELD opened at C$45.23 on Friday. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. Eldorado Gold Co. has a 1-year low of C$23.99 and a 1-year high of C$69.46. The firm has a market capitalization of C$11.91 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The stock has a fifty day simple moving average of C$49.26 and a 200 day simple moving average of C$49.09.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The business had revenue of C$740.23 million during the quarter. Sell-side analysts forecast that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ELD. TD decreased 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 report on Tuesday, April 14th. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Stifel Nicolaus raised their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce lowered Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, National Bank Financial raised their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.50.

More Eldorado Gold News

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.

About Eldorado Gold

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.