George Raymond Burns Purchases 21,000 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director George Raymond Burns bought 21,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of C$47.34 per share, for a total transaction of C$994,140.00. Following the completion of the transaction, the director owned 517,356 shares in the company, valued at C$24,491,633.04. This trade represents a 4.23% increase in their ownership of the stock.

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

• On Wednesday, May 6th, George Raymond Burns sold 6,249 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$269,769.33.
• On Wednesday, May 6th, George Raymond Burns sold 61,327 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total value of C$2,647,486.59.

Eldorado Gold Price Performance

ELD opened at C$48.70 on Thursday. Eldorado Gold Co. has a 12 month low of C$23.99 and a 12 month high of C$69.46. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28. The stock has a market cap of C$12.82 billion, a P/E ratio of 17.39, a P/E/G ratio of 56.20 and a beta of 1.62. The stock’s 50 day moving average price is C$48.08 and its 200 day moving average price is C$49.38.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its 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 firm had revenue of C$740.23 million for the quarter. As a group, research analysts predict that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Analyst Ratings Changes

ELD has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. National Bank Financial lifted their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. TD lowered their price target on 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. BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Eldorado Gold 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.