Eldorado Gold (TSE:ELD) Director Sells 1,239 Shares

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Seda Erdemir sold 1,239 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total transaction of C$74,798.43.

Eldorado Gold Price Performance

TSE ELD traded up C$1.11 during trading hours on Wednesday, reaching C$61.62. 167,379 shares of the stock traded hands, compared to its average volume of 778,547. The stock has a 50 day simple moving average of C$51.12 and a two-hundred day simple moving average of C$49.00. Eldorado Gold Co. has a 1 year low of C$34.25 and a 1 year high of C$69.46. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27. The company has a market cap of C$16.07 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 56.20 and a beta of 1.69.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. The firm had revenue of C$692.57 million during the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. On average, analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. National Bank Financial increased their price target on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Canaccord Genuity Group upped their price objective on shares of Eldorado Gold from C$45.00 to C$55.00 in a research note on Thursday, August 13th. Stifel Nicolaus raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, Jefferies Financial Group upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Eldorado Gold has an average rating of “Buy” and a consensus price target of C$62.50.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).