Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells C$281,300.24 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christine Tamiko Ohta sold 5,492 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the transaction, the insider directly owned 8,427 shares of the company’s stock, valued at C$431,630.94. The trade was a 39.46% decrease in their ownership of the stock.

Eldorado Gold Price Performance

TSE ELD opened at C$42.94 on Friday. The stock has a market capitalization of C$8.53 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 56.20 and a beta of 1.24. Eldorado Gold Co. has a 1-year low of C$21.82 and a 1-year high of C$69.46. The company has a debt-to-equity ratio of 30.34, a current ratio of 1.83 and a quick ratio of 2.28. The business’s fifty day moving average price is C$57.92 and its 200-day moving average price is C$47.38.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. The company had revenue of C$767.52 million for the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. On average, equities analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on ELD shares. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Canaccord Genuity Group downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Stifel Nicolaus lifted 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 raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, ATB Cormark Capital Markets cut their price target on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and an average price target of C$61.57.

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.