Lynette Gould Sells 5,170 Shares of Eldorado Gold (TSE:ELD) Stock

Key Points

• Lynette Gould, an insider at Eldorado Gold, sold 5,170 shares of the company, resulting in a 66.24% decrease in her ownership, leaving her with 2,635 shares valued at approximately C$92,075.33.
• Eldorado Gold’s stock experienced a 3.3% increase, reaching C$38.48, with a significant trading volume of 908,587 shares on a day when the average volume is 395,534.
• Analysts have positively revised their price targets for Eldorado Gold, with the National Bankshares raising their target from C$38.00 to C$41.00, reflecting a strong buying sentiment towards the stock.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO insider Lynette Gould sold 5,170 shares of Eldorado Gold stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of C$34.94, for a total value of C$180,656.34. Following the transaction, the insider directly owned 2,635 shares in the company, valued at approximately C$92,075.33. The trade was a 66.24% decrease in their ownership of the stock.

Lynette Gould also recently made the following trade(s):

• On Tuesday, September 2nd, Lynette Gould sold 3,330 shares of Eldorado Gold stock. The stock was sold at an average price of C$34.94, for a total value of C$116,360.86.

Eldorado Gold Price Performance

TSE:ELD traded up C$0.90 during mid-day trading on Monday, reaching C$39.38. 361,384 shares of the stock were exchanged, compared to its average volume of 394,846. The business has a fifty day moving average price of C$32.20 and a 200 day moving average price of C$28.25. The firm has a market capitalization of C$8.00 billion, a PE ratio of 19.79, a PEG ratio of 56.20 and a beta of 0.82. Eldorado Gold Co. has a 1-year low of C$18.94 and a 1-year high of C$39.62. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28.

Wall Street Analyst Weigh In

ELD has been the subject of a number of recent analyst reports. Bank of America increased their price target on Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. National Bankshares raised their price objective on Eldorado Gold from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, Eldorado Gold currently 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.