Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells 6,153 Shares of 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 Eldorado Gold stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$33.43, for a total transaction of C$205,694.79. Following the completion of the transaction, the insider directly owned 2,617 shares in the company, valued at approximately C$87,486.31. The trade was a 70.16% decrease in their ownership of the stock.

Eldorado Gold Trading Up 1.6%

Shares of TSE ELD traded up C$0.63 during mid-day trading on Friday, hitting C$38.90. The stock had a trading volume of 347,007 shares, compared to its average volume of 391,343. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. Eldorado Gold Co. has a 1 year low of C$18.94 and a 1 year high of C$39.10. The business has a 50 day moving average price of C$31.18 and a two-hundred day moving average price of C$27.58. The firm has a market cap of C$7.90 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 56.20 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America lifted their target price on shares of Eldorado Gold from C$28.50 to C$33.50 in a research note on Friday, August 29th. National Bankshares lifted their price target on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy" and a consensus 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.