Eldorado Gold (TSE:ELD) Insider Sells C$264,806.11 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Sylvain Lehoux sold 5,899 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$44.89, for a total transaction of C$264,806.11.

Sylvain Lehoux also recently made the following trade(s):

• On Wednesday, May 6th, Sylvain Lehoux sold 2,146 shares of Eldorado Gold stock. The shares were sold at an average price of C$43.17, for a total transaction of C$92,642.82.
• On Wednesday, May 6th, Sylvain Lehoux sold 10,247 shares of Eldorado Gold stock. The stock was sold at an average price of C$43.17, for a total transaction of C$442,362.99.

Eldorado Gold Price Performance

Shares of TSE ELD traded up C$1.65 during mid-day trading on Tuesday, reaching C$48.70. 1,076,279 shares of the company were exchanged, compared to its average volume of 802,806. Eldorado Gold Co. has a 52 week low of C$23.99 and a 52 week high of C$69.46. The company’s 50 day moving average price is C$48.38 and its 200 day moving average price is C$49.30. The stock has a market capitalization of C$12.82 billion, a PE ratio of 17.39, a PEG ratio of 56.20 and a beta of 1.62. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81.

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

Key Headlines 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ELD shares. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. National Bank Financial increased their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. TD decreased their price target on shares of 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. Canaccord Genuity Group lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Eldorado Gold has a consensus rating of “Moderate Buy” and an average 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.