Insider Selling: Eldorado Gold (TSE:ELD) Director Sells 6,249 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns sold 6,249 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total transaction of C$269,769.33. Following the completion of the transaction, the director owned 496,356 shares of the company’s stock, valued at approximately C$21,427,688.52. The trade was a 1.24% decrease in their ownership of the stock.

George Raymond Burns also recently made the following trade(s):

• On Wednesday, May 6th, George Raymond Burns sold 61,327 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total transaction of C$2,647,486.59.

Eldorado Gold Stock Up 0.7%

TSE ELD traded up C$0.33 during mid-day trading on Monday, reaching C$47.00. The stock had a trading volume of 608,114 shares, compared to its average volume of 795,016. Eldorado Gold Co. has a 1 year low of C$23.99 and a 1 year high of C$69.46. The stock has a market cap of C$12.38 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The company has a fifty day moving average price of C$49.26 and a 200 day moving average price of C$49.09. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their target price for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Stifel Nicolaus boosted their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. National Bank Financial boosted their target price on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Finally, BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. 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 MarketBeat.com, Eldorado Gold has an average rating of “Moderate Buy” and a consensus price target of C$63.50.

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.