Ryan Swedburg Sells 6,153 Shares of Eldorado Gold (TSE:ELD) Stock

Key Points

• Insider Ryan Swedburg sold 6,153 shares of Eldorado Gold at an average price of C$33.43, totaling C$205,694.79, which represents a 70.16% decrease in their position.
• Eldorado Gold's stock price fell by C$0.19 to C$36.18 during mid-day trading, with a significant exchange of 162,865 shares.
• Analysts have upgraded their target price for Eldorado Gold, with National Bankshares increasing it from C$38.00 to C$41.00, rating the stock as "outperform."

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO insider Ryan Swedburg sold 6,153 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of C$33.43, for a total value of C$205,694.79. Following the transaction, the insider owned 2,617 shares of the company's stock, valued at approximately C$87,486.31. This trade represents a 70.16% decrease in their ownership of the stock.

Eldorado Gold Stock Up 1.4%

Shares of Eldorado Gold stock traded up C$0.55 on Friday, hitting C$38.82. 119,554 shares of the company's stock traded hands, compared to its average volume of 389,931. The stock has a market cap of C$7.89 billion, a P/E ratio of 19.51, a PEG ratio of 56.20 and a beta of 0.82. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The firm's 50-day moving average is C$30.97 and its 200 day moving average is C$27.40. Eldorado Gold Co. has a 52-week low of C$18.94 and a 52-week high of C$38.95.

Wall Street Analyst Weigh In

Several research firms have recently commented on ELD. Bank of America increased their target price on Eldorado Gold from C$28.50 to C$33.50 in a research note on Friday, August 29th. National Bankshares increased their target price on Eldorado Gold from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and an average price target of C$32.10.

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.