Eldorado Gold (TSE:ELD) Insider Sells C$409,722.48 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Per Niklas Frank sold 9,524 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total value of C$409,722.48. Following the transaction, the insider owned 16,777 shares in the company, valued at approximately C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock.

Per Niklas Frank also recently made the following trade(s):

• On Thursday, June 25th, Per Niklas Frank sold 7,391 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.02, for a total transaction of C$317,960.82.

Eldorado Gold Stock Up 2.1%

Shares of TSE ELD traded up C$0.92 during trading on Friday, hitting C$44.13. The stock had a trading volume of 228,136 shares, compared to its average volume of 780,550. Eldorado Gold Co. has a 12 month low of C$26.74 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 2.27. The company has a market capitalization of C$11.50 billion, a PE ratio of 15.76, a PEG ratio of 56.20 and a beta of 1.37. The firm has a fifty day moving average of C$44.40 and a two-hundred day moving average of C$50.47.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The company had revenue of C$740.23 million for the quarter. As a group, equities research analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ELD. BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. TD dropped their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Bank of America boosted their price objective on Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. Finally, National Bank Financial upped their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. One investment 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$63.50.

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.