Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells C$281,300.24 in Stock

Key Points

• Insider Christine Tamiko Ohta sold 5,492 shares at an average of C$51.22 on March 16, totaling C$281,300.24, leaving her with 8,427 shares—a 39.46% reduction in her stake.
• ELD shares fell 8.1% to C$43.63 on Thursday, with 535,989 shares traded (vs. average volume 684,521), trading well below the 50‑day moving average of C$58.30.
• Analysts are mixed but the consensus is a Moderate Buy with an average price target of C$61.57, following several recent rating changes between Hold, Buy and Strong‑Buy.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO insider Christine Tamiko Ohta sold 5,492 shares of Eldorado Gold stock in a transaction on Monday, March 16th. The stock was sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the completion of the transaction, the insider directly owned 8,427 shares in the company, valued at C$431,630.94. This represents a 39.46% decrease in their ownership of the stock.

Eldorado Gold Stock Down 8.1%

Shares of ELD stock traded down C$3.83 during trading hours on Thursday, reaching C$43.63. 535,989 shares of the company's stock were exchanged, compared to its average volume of 684,521. Eldorado Gold Co. has a 1 year low of C$21.82 and a 1 year high of C$69.46. The stock has a market cap of C$8.67 billion, a PE ratio of 17.66, a PEG ratio of 56.20 and a beta of 1.24. The company has a current ratio of 1.83, a quick ratio of 2.28 and a debt-to-equity ratio of 30.34. The stock's fifty day moving average price is C$58.30 and its two-hundred day moving average price is C$47.26.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last released its earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%.The firm had revenue of C$767.52 million for the quarter. Research analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on ELD shares. Royal Bank Of Canada cut shares of Eldorado Gold from a "moderate buy" rating to a "hold" rating and lifted their price objective for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Scotiabank upgraded Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. ATB Cormark Capital Markets dropped their target price on Eldorado Gold from C$100.00 to C$89.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 3rd. Bank of America lifted their price target on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Finally, Canaccord Genuity Group cut Eldorado Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Eldorado Gold has a consensus rating of "Moderate Buy" and an average price target of C$61.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.