Insider Selling: Eldorado Gold Co. (TSE:ELD) Director Sells 12,820 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns sold 12,820 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of C$19.64, for a total transaction of C$251,733.52.

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

• On Tuesday, March 5th, George Raymond Burns sold 13,434 shares of Eldorado Gold stock. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57.

Eldorado Gold Stock Performance

Eldorado Gold stock traded up C$0.15 during midday trading on Wednesday, reaching C$20.67. 69,768 shares of the stock traded hands, compared to its average volume of 388,778. The firm has a fifty day moving average price of C$18.82 and a two-hundred day moving average price of C$17.06. Eldorado Gold Co. has a fifty-two week low of C$11.38 and a fifty-two week high of C$22.01. The firm has a market cap of C$4.20 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 56.20 and a beta of 1.13. The company has a current ratio of 3.39, a quick ratio of 2.28 and a debt-to-equity ratio of 18.60.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.05. The company had revenue of C$417.85 million during the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. On average, equities research analysts forecast that Eldorado Gold Co. will post 0.9818008 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BMO Capital Markets increased their target price on Eldorado Gold from C$21.00 to C$23.00 in a report on Friday, April 26th. Bank of America raised their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. National Bankshares lowered their target price on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Stifel Canada downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Canaccord Genuity Group boosted their price objective on shares of Eldorado Gold from C$19.00 to C$23.00 in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$20.69.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.