Eldorado Gold (TSE:ELD) Insider Paul Anthony Ferneyhough Acquires 1,100 Shares

Key Points

• Insider purchase: Paul Anthony Ferneyhough bought 1,100 shares at C$42.16 on May 6, bringing his direct stake to 35,257 shares (≈C$1.49M) and increasing his ownership by 3.22%.
• Market and results: Eldorado shares jumped 7.1% to C$42.72 intraday on the news (volume 409,413); the company has a C$11.25B market cap, trailing P/E of 15.26, and reported Q EPS of C$0.95 on C$740.2M revenue (net margin 28.7%).
• Analyst outlook: The consensus rating is a Moderate Buy with an average target of C$63.50, though several brokers recently downgraded the stock to "Hold" while some maintain higher targets (e.g., BMO C$82, Stifel C$65).

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO insider Paul Anthony Ferneyhough purchased 1,100 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of C$42.16 per share, for a total transaction of C$46,376.00. Following the completion of the purchase, the insider directly owned 35,257 shares in the company, valued at C$1,486,435.12. This represents a 3.22% increase in their ownership of the stock.

Eldorado Gold Stock Up 7.1%

TSE:ELD traded up C$2.83 during midday trading on Wednesday, hitting C$42.72. 409,413 shares of the company were exchanged, compared to its average volume of 779,204. Eldorado Gold Co. has a fifty-two week low of C$23.99 and a fifty-two week high of C$69.46. 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 company has a market capitalization of C$11.25 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. The company has a fifty day simple moving average of C$49.88 and a 200 day simple moving average of C$49.05.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on ELD. Royal Bank Of Canada downgraded shares of Eldorado Gold from a "moderate buy" rating to a "hold" rating and raised their price objective for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Canaccord Genuity Group downgraded shares of Eldorado Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Stifel Nicolaus lifted their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the company an "outperform" rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eldorado Gold has an average 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.

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