Eldorado Gold (TSE:ELD) Insider Christian Milau Buys 3,500 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau purchased 3,500 shares of the stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average cost of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the acquisition, the insider directly owned 14,994 shares in the company, valued at approximately C$878,498.46. This trade represents a 30.45% increase in their ownership of the stock.

Eldorado Gold Stock Performance

Shares of ELD opened at C$59.46 on Wednesday. The firm has a market capitalization of C$11.95 billion, a P/E ratio of 33.03, a PEG ratio of 56.20 and a beta of 1.44. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. Eldorado Gold Co. has a one year low of C$19.21 and a one year high of C$69.46. The business has a fifty day moving average of C$56.35 and a 200 day moving average of C$44.67.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, February 19th. The company reported C$3.29 earnings per share (EPS) for the quarter. The business had revenue of C$767.52 million for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%. As a group, sell-side analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. 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 report on Tuesday, February 3rd. Finally, Stifel Nicolaus upped their price target on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.93.

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.