Eldorado Gold (TSE:ELD) Insider Paul Anthony Ferneyhough Sells 1,425 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 1,425 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$43.17, for a total transaction of C$61,517.25. Following the sale, the insider directly owned 49,648 shares of the company’s stock, valued at C$2,143,304.16. This represents a 2.79% decrease in their ownership of the stock.

Paul Anthony Ferneyhough also recently made the following trade(s):

• On Wednesday, May 6th, Paul Anthony Ferneyhough sold 6,808 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total transaction of C$293,901.36.
• On Wednesday, May 6th, Paul Anthony Ferneyhough acquired 1,100 shares of Eldorado Gold stock. The shares were purchased at an average cost of C$42.16 per share, with a total value of C$46,376.00.

Eldorado Gold Price Performance

Shares of ELD opened at C$47.05 on Tuesday. The company has a market capitalization of C$12.39 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two week high of C$69.46. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28. The business’s 50-day moving average is C$48.67 and its 200-day moving average is C$49.21.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. National Bank Financial increased their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets set a C$82.00 price objective on Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$63.50.

Eldorado Gold News Roundup

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

• Positive Sentiment: One director, Daniel Myerson, bought 332 shares at C$48.25, which can be read as a modest vote of confidence in Eldorado Gold’s prospects. Article link
• Positive Sentiment: Another insider, Simon Oswald Hille, also purchased 2,500 shares at C$42.16 earlier in the period, adding to the sense that management may view the stock as attractive at recent levels. Article link
• Neutral Sentiment: Several insiders and one director reported buying and selling shares around the same time, suggesting routine insider trading activity rather than a single major corporate event. Article link
• Negative Sentiment: The larger set of filings shows multiple insider sales, including sizable disposals by director George Raymond Burns and insiders Frank Hamilton Herbert, Simon Oswald Hille, Paul Anthony Ferneyhough and Sylvain Lehoux, which may pressure sentiment because investors often view heavy selling as a cautious signal. Article link

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.