Paul Anthony Ferneyhough Sells 6,808 Shares of Eldorado Gold (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 6,808 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total transaction of C$293,901.36. Following the sale, the insider directly owned 43,940 shares in the company, valued at approximately C$1,896,889.80. This represents a 13.42% decrease in their position.

Paul Anthony Ferneyhough also recently made the following trade(s):

• On Tuesday, May 5th, Paul Anthony Ferneyhough sold 1,425 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total transaction of C$61,517.25.
• On Wednesday, May 6th, Paul Anthony Ferneyhough bought 1,100 shares of Eldorado Gold stock. The shares were bought at an average cost of C$42.16 per share, for a total transaction of C$46,376.00.

Eldorado Gold Stock Up 3.5%

TSE:ELD opened at C$48.70 on Wednesday. The company’s 50 day moving average is C$48.38 and its two-hundred day moving average is C$49.30. The company has a market cap of C$12.82 billion, a PE ratio of 17.39, a P/E/G ratio of 56.20 and a beta of 1.62. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81. Eldorado Gold Co. has a twelve month low of C$23.99 and a twelve month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, April 30th. The company reported C$0.95 EPS for the quarter. The business had revenue of C$740.23 million for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. Analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ELD shares. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Canaccord Genuity Group downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$63.50.

Key Stories Impacting Eldorado Gold

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.