Insider Selling: Eldorado Gold (TSE:ELD) Director Sells 1,239 Shares

Key Points

• Director Seda Erdemir sold 1,239 Eldorado Gold shares at an average price of C$60.37, generating total proceeds of approximately C$74,798.
• Eldorado Gold shares reached C$61.62 during trading, near the analyst consensus price target of C$62.50. The stock has traded between C$34.25 and C$69.46 over the past year.
• Analyst sentiment remains positive: four analysts rate the stock Strong Buy, two rate it Buy, and four rate it Hold, with several firms recently raising their ratings or price targets.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO Director Seda Erdemir sold 1,239 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43.

Eldorado Gold Stock Performance

Shares of TSE:ELD traded up C$1.11 during midday trading on Wednesday, reaching C$61.62. 167,379 shares of the company traded hands, compared to its average volume of 778,547. The company has a quick ratio of 2.27, a current ratio of 1.31 and a debt-to-equity ratio of 25.70. Eldorado Gold Co. has a 12 month low of C$34.25 and a 12 month high of C$69.46. The firm has a market capitalization of C$16.07 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 56.20 and a beta of 1.69. The firm's fifty day moving average price is C$51.12 and its two-hundred day moving average price is C$49.00.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. The business had revenue of C$692.57 million during the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. On average, equities analysts expect that Eldorado Gold Co. will post 2.1505174 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 9th. National Bank Financial boosted their price target on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Jefferies Financial Group raised shares of Eldorado Gold to a "strong-buy" rating in a report on Thursday, August 20th. Stifel Nicolaus upgraded Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Canaccord Genuity Group boosted their target price on Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday, August 13th. Four analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$62.50.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange TSX: ELD and the New York Stock Exchange NYSE: EGO.

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