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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Paul Anthony Ferneyhough sold 6,808 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$293,901.36. Following the completion of the sale, the insider directly owned 43,940 shares of the company’s stock, 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 Wednesday, May 6th, Paul Anthony Ferneyhough acquired 1,100 shares of Eldorado Gold stock. The shares were bought at an average price of C$42.16 per share, for a total transaction of C$46,376.00.

Eldorado Gold Stock Performance

Shares of ELD stock traded up C$0.27 during mid-day trading on Monday, reaching C$46.94. The stock had a trading volume of 456,398 shares, compared to its average volume of 794,414. Eldorado Gold Co. has a 1-year low of C$23.99 and a 1-year high of C$69.46. The business’s fifty day moving average is C$49.26 and its 200-day moving average is C$49.09. 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 cap of C$12.36 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 56.20 and a beta of 1.62.

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

Analysts Set New Price Targets

A number of brokerages have commented on ELD. Stifel Nicolaus increased their target price on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. National Bank Financial upped their target price on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Bank of America increased their target price on shares of Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. 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, February 20th. Finally, ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.