Eldorado Gold (TSE:ELD) Insider Christian Milau Purchases 3,500 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Christian Milau acquired 3,500 shares of the stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of C$58.59 per share, for a total transaction of C$205,065.00. Following the purchase, the insider owned 14,994 shares of the company’s stock, valued at C$878,498.46. The trade was a 30.45% increase in their position.

Eldorado Gold Stock Performance

Shares of ELD stock traded down C$0.34 during mid-day trading on Tuesday, reaching C$59.82. The stock had a trading volume of 232,351 shares, compared to its average volume of 736,572. Eldorado Gold Co. has a one year low of C$19.21 and a one year high of C$69.46. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The firm’s 50 day simple moving average is C$56.11 and its 200 day simple moving average is C$44.47. The firm has a market cap of C$12.03 billion, a PE ratio of 33.23, a P/E/G ratio of 56.20 and a beta of 1.44.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, February 19th. The company reported C$3.29 EPS for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The company had revenue of C$767.52 million during the quarter. On average, analysts forecast that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ELD. Canaccord Genuity Group downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets increased their price target on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Stifel Nicolaus upped their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$58.93.

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.