Eldorado Gold (TSE:ELD) Insider Buys C$498,108.00 in Stock

Key Points

• Christian Milau bought 12,400 shares of Eldorado Gold at C$40.17 each on May 5, a C$498,108 purchase that raised his holding to 43,273 shares (a 40.16% increase).
• Eldorado's stock jumped about 7.1% to C$42.72, with a market cap of C$11.25 billion and a 52-week range of C$23.99–C$69.46.
• The company reported C$0.95 EPS and C$740.23M in quarterly revenue; analysts assign a consensus " Moderate Buy " rating with an average price target of C$63.50 (FY EPS est. ~2.15).

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO insider Christian Milau acquired 12,400 shares of Eldorado Gold stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of C$40.17 per share, for a total transaction of C$498,108.00. Following the completion of the purchase, the insider owned 43,273 shares of the company's stock, valued at approximately C$1,738,276.41. This represents a 40.16% increase in their position.

Christian Milau also recently made the following trade(s):

• On Tuesday, February 24th, Christian Milau bought 3,500 shares of Eldorado Gold stock. The stock was acquired at an average cost of C$58.59 per share, for a total transaction of C$205,065.00.

Eldorado Gold Stock Up 7.1%

TSE:ELD traded up C$2.83 during trading hours on Wednesday, hitting C$42.72. The company's stock had a trading volume of 409,413 shares, compared to its average volume of 779,204. The stock has a market capitalization of C$11.25 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The stock has a fifty day moving average of C$49.88 and a 200-day moving average of C$49.05. The company has a current ratio of 1.62, a quick ratio of 2.28 and a debt-to-equity ratio of 28.81. Eldorado Gold Co. has a 52-week low of C$23.99 and a 52-week high of C$69.46.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last posted 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 firm had revenue of C$740.23 million for the quarter. On average, equities analysts forecast that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ELD shares. Bank of America increased their target price on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. National Bank Financial increased 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 research note on Wednesday, April 15th. TD reduced their price objective on shares of Eldorado Gold from C$45.00 to C$40.00 and set a "hold" rating for the company in a research report on Tuesday, April 14th. Stifel Nicolaus raised their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Finally, Scotiabank upgraded shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Eldorado Gold has an average rating of "Moderate Buy" and a consensus price target of C$63.50.

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.

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