Insider Selling: Eldorado Gold Co. (TSE:ELD) Senior Officer Sells C$152,640.28 in Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Senior Officer Karen Christine Aram sold 7,542 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of C$20.24, for a total value of C$152,640.28.

Eldorado Gold Stock Down 2.2 %

Shares of TSE:ELD opened at C$19.59 on Monday. Eldorado Gold Co. has a 52-week low of C$11.38 and a 52-week high of C$22.01. The stock has a market cap of C$3.98 billion, a P/E ratio of 26.84, a PEG ratio of 56.20 and a beta of 1.13. The business has a fifty day moving average of C$18.58 and a two-hundred day moving average of C$16.95. The company has a quick ratio of 2.28, a current ratio of 3.39 and a debt-to-equity ratio of 18.60.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The firm had revenue of C$417.85 million for the quarter. On average, research analysts expect that Eldorado Gold Co. will post 0.9818008 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. National Bankshares lowered their price target on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Stifel Nicolaus lifted their target price on shares of Eldorado Gold from C$17.25 to C$19.50 in a research note on Friday, April 19th. Cormark reduced their target price on shares of Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th. Bank of America raised their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Finally, BMO Capital Markets upped their price objective on shares of Eldorado Gold from C$21.00 to C$23.00 in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$20.69.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.