Eldorado Gold (TSE:ELD) Posts Quarterly Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) announced its quarterly earnings results on Thursday. The company reported C$0.95 EPS for the quarter, FiscalAI reports. The firm had revenue of C$740.23 million for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%.

Eldorado Gold Stock Up 3.7%

ELD traded up C$1.50 on Thursday, hitting C$41.97. The company had a trading volume of 1,375,091 shares, compared to its average volume of 781,233. The stock has a fifty day moving average price of C$50.73 and a 200-day moving average price of C$48.97. Eldorado Gold 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 30.34, a quick ratio of 2.28 and a current ratio of 1.83. The stock has a market capitalization of C$11.05 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 56.20 and a beta of 1.67.

Analyst Ratings Changes

A number of research firms have weighed in on ELD. Bank of America upped their target price on Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Royal Bank Of Canada lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$47.00 to C$48.00 in a report on Tuesday, February 17th. TD cut their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. ATB Cormark Capital Markets cut their target price on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Finally, Canaccord Genuity Group lowered Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of C$63.50.

Insider Activity

In other Eldorado Gold news, insider Christine Tamiko Ohta sold 5,492 shares of Eldorado Gold stock in a transaction dated Monday, March 16th. The stock was sold at an average price of C$51.22, for a total value of C$281,300.24. Following the transaction, the insider owned 8,427 shares in the company, valued at C$431,630.94. The trade was a 39.46% decrease in their ownership of the stock. Also, insider Christian Milau bought 3,500 shares of the business’s stock in a transaction on 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 directly owned 14,994 shares of the company’s stock, valued at C$878,498.46. The trade was a 30.45% increase in their ownership of the stock. 0.58% of the stock is owned by insiders.

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.