Eldorado Gold (TSE:ELD) Insider Paul Anthony Ferneyhough Sells 1,425 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 1,425 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$43.17, for a total value of C$61,517.25. Following the transaction, the insider directly owned 49,648 shares of the company’s stock, valued at C$2,143,304.16. This represents a 2.79% decrease in their ownership of the stock.

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

• On Wednesday, May 6th, Paul Anthony Ferneyhough sold 6,808 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total value of C$293,901.36.
• On Wednesday, May 6th, Paul Anthony Ferneyhough acquired 1,100 shares of Eldorado Gold stock. The shares were purchased at an average cost of C$42.16 per share, with a total value of C$46,376.00.

Eldorado Gold Stock Up 0.8%

Shares of ELD stock traded up C$0.38 on Monday, hitting C$47.05. 928,864 shares of the stock were exchanged, compared to its average volume of 799,767. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81. The firm has a market capitalization of C$12.39 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The business has a 50-day moving average of C$49.26 and a 200 day moving average of C$49.09. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two week high of C$69.46.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Stifel Nicolaus upped their target price on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. TD dropped their target price 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$63.50.

More Eldorado Gold News

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Director Daniel Myerson bought 332 shares at C$48.25, increasing his stake by 13.28%, which may signal confidence in Eldorado Gold’s outlook.
• Positive Sentiment: Insider Simon Oswald Hille also purchased 2,500 shares at C$42.16, adding to his position and partially offsetting concerns around recent selling.
• Neutral Sentiment: Multiple insiders and a director sold shares at C$43.17, including Paul Anthony Ferneyhough, Frank Hamilton Herbert, Sylvain Lehoux, Simon Oswald Hille, and George Raymond Burns. These trades were sizeable, but some appear to be routine or partial profit-taking rather than a clear change in business fundamentals.
• Neutral Sentiment: The company has not announced any major operating update in the provided items; recent trading may be reacting mainly to insider transaction disclosures rather than new fundamentals.

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.