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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Stephen David Walker purchased 600 shares of Eldorado Gold stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of C$48.40 per share, with a total value of C$29,040.00. Following the completion of the acquisition, the director owned 600 shares in the company, valued at C$29,040. The trade was a ∞ increase in their ownership of the stock.

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

• On Tuesday, May 5th, Stephen David Walker bought 1,000 shares of Eldorado Gold stock. The shares were bought at an average cost of C$40.56 per share, with a total value of C$40,560.00.

Eldorado Gold Stock Performance

ELD stock traded up C$1.65 on Tuesday, reaching C$48.70. 1,076,279 shares of the company were exchanged, compared to its average volume of 802,806. The stock’s fifty day moving average price is C$48.38 and its 200 day moving average price is C$49.30. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28. Eldorado Gold Co. has a 12 month low of C$23.99 and a 12 month high of C$69.46. The firm has a market capitalization of C$12.82 billion, a PE ratio of 17.39, a PEG ratio of 56.20 and a beta of 1.62.

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

Wall Street Analysts Forecast Growth

ELD has been the topic of a number of recent analyst reports. TD reduced their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. 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. Bank of America raised their price objective on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Finally, ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$63.50.

More Eldorado Gold News

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.

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.