Frank Hamilton Herbert Sells 1,807 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Frank Hamilton Herbert sold 1,807 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$78,008.19. Following the completion of the transaction, the insider directly owned 17,814 shares of the company’s stock, valued at approximately C$769,030.38. The trade was a 9.21% decrease in their position.

Frank Hamilton Herbert also recently made the following trade(s):

• On Wednesday, May 6th, Frank Hamilton Herbert sold 17,736 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$765,663.12.

Eldorado Gold Stock Performance

Shares of TSE:ELD traded up C$0.38 on Monday, hitting C$47.05. The company’s stock had a trading volume of 928,864 shares, compared to its average volume of 799,767. Eldorado Gold Co. has a 12 month low of C$23.99 and a 12 month high of C$69.46. The company has a market capitalization of C$12.39 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The stock’s 50-day moving average is C$49.26 and its two-hundred day moving average is C$49.09. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62.

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 (EPS) for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The company had revenue of C$740.23 million during the quarter. On average, equities research analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ELD. Canadian Imperial Bank of Commerce cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Bank of America raised their target price on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Stifel Nicolaus raised their target price on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Finally, Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$63.50.

Eldorado Gold News Roundup

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Director Daniel Myerson bought 332 shares at C$48.25, increasing his stake by 13.28%, which may signal confidence in Eldorado Gold’s outlook.
• Positive Sentiment: Insider Simon Oswald Hille also purchased 2,500 shares at C$42.16, adding to his position and partially offsetting concerns around recent selling.
• Neutral Sentiment: Multiple insiders and a director sold shares at C$43.17, including Paul Anthony Ferneyhough, Frank Hamilton Herbert, Sylvain Lehoux, Simon Oswald Hille, and George Raymond Burns. These trades were sizeable, but some appear to be routine or partial profit-taking rather than a clear change in business fundamentals.
• Neutral Sentiment: The company has not announced any major operating update in the provided items; recent trading may be reacting mainly to insider transaction disclosures rather than new fundamentals.

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.