Eldorado Gold (TSE:ELD) Issues Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) issued its earnings results on Thursday. The company reported C$0.77 EPS for the quarter, FiscalAI reports. The company had revenue of C$692.57 million for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%.

Eldorado Gold Stock Up 2.2%

Shares of TSE ELD opened at C$45.89 on Friday. The firm’s fifty day moving average is C$44.09 and its 200 day moving average is C$49.55. Eldorado Gold has a 52 week low of C$28.26 and a 52 week high of C$69.46. The company has a quick ratio of 2.27, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The company has a market cap of C$11.96 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 56.20 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BMO Capital Markets set a C$82.00 price target on shares of Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. TD lowered their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Finally, National Bank Financial increased their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$63.50.

Insider Buying and Selling at Eldorado Gold

In other news, Director Stephen David Walker purchased 600 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of C$48.40 per share, with a total value of C$29,040.00. Following the acquisition, the director directly owned 600 shares in the company, valued at approximately C$29,040. The trade was a ∞ increase in their ownership of the stock. Also, insider Per Niklas Frank sold 7,391 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$317,960.82. Following the completion of the transaction, the insider owned 16,777 shares in the company, valued at C$721,746.54. The trade was a 30.58% decrease in their position. Over the last ninety days, insiders have bought 47,356 shares of company stock worth $2,091,456 and have sold 143,588 shares worth $6,212,553. 0.58% of the stock is currently owned by corporate insiders.

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.