Insider Buying: Eldorado Gold (TSE:ELD) Director Buys 6,000 Shares of Stock

Key Points

• Director Steven Paul Reid purchased 6,000 shares of Eldorado Gold on May 6 at C$43.33 each (C$259,980), raising his stake 27.27% to 28,000 shares.
• Eldorado traded at C$42.72 mid-day, sits below its 50- and 200-day moving averages (~C$49), has a market cap of C$11.25B and a P/E of 15.26; the company reported quarterly EPS of C$0.95 on C$740.23M revenue.
• Analyst coverage is mixed but tilted positive, with a MarketBeat consensus rating of "Moderate Buy" and a consensus target price of C$63.50.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO Director Steven Paul Reid acquired 6,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was bought at an average price of C$43.33 per share, for a total transaction of C$259,980.00. Following the transaction, the director owned 28,000 shares in the company, valued at approximately C$1,213,240. This represents a 27.27% increase in their position.

Eldorado Gold Stock Performance

Eldorado Gold stock traded up C$2.83 during mid-day trading on Wednesday, hitting C$42.72. The company had a trading volume of 409,413 shares, compared to its average volume of 779,204. 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 12-month low of C$23.99 and a 12-month high of C$69.46. The company's fifty day moving average is C$49.88 and its 200-day moving average is C$49.05. The company has a market capitalization of C$11.25 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 56.20 and a beta of 1.62.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last released its quarterly earnings data 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 business had revenue of C$740.23 million for the quarter. Equities research analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ELD. Canaccord Genuity Group lowered Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Bank of America raised their target price on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Stifel Nicolaus raised their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Scotiabank raised Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada cut Eldorado Gold from a "moderate buy" rating to a "hold" rating and raised their target price for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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