Eldorado Gold (TSE:ELD) Director Stephen David Walker Buys 600 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Stephen David Walker purchased 600 shares of the stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of C$48.40 per share, for a total transaction of C$29,040.00. Following the completion of the transaction, the director owned 600 shares of the company’s stock, valued at C$29,040. The trade was a ? increase in their position.

Stephen David Walker also recently made the following trade(s):

• On Tuesday, May 5th, Stephen David Walker acquired 1,000 shares of Eldorado Gold stock. The stock was acquired at an average price of C$40.56 per share, for a total transaction of C$40,560.00.

Eldorado Gold Price Performance

TSE ELD opened at C$48.70 on Wednesday. The stock has a 50-day simple moving average of C$48.38 and a 200 day simple moving average of C$49.30. Eldorado Gold Co. has a twelve month low of C$23.99 and a twelve month high of C$69.46. The stock has a market capitalization of C$12.82 billion, a PE ratio of 17.39, a P/E/G ratio of 56.20 and a beta of 1.62. 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 issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.95 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 for the quarter. Research analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Eldorado Gold News Summary

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

• Positive Sentiment: Director Daniel Myerson bought 332 shares, increasing his stake by 13.28%, which can be viewed as a vote of confidence in Eldorado Gold’s outlook.
• Neutral Sentiment: The company also reported regular insider trading activity around the same period, including several buys and sells, which may reflect portfolio management rather than a major change in fundamentals.
• Negative Sentiment: Multiple insiders and directors sold shares, including larger disposals by George Raymond Burns, Paul Anthony Ferneyhough, Frank Hamilton Herbert, Simon Oswald Hille, and Sylvain Lehoux, which may weigh on sentiment because investors often interpret broad insider selling as cautionary.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. TD cut their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus upped their target price on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. One research 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.