Insider Selling: Eldorado Gold (TSE:ELD) Director Sells C$74,798.43 in Stock

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

Eldorado Gold Stock Up 2.4%

Shares of ELD opened at C$60.62 on Friday. The company has a current ratio of 1.31, a quick ratio of 2.27 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’s 50 day moving average is C$51.93 and its 200-day moving average is C$49.05. The stock has a market capitalization of C$15.81 billion, a PE ratio of 21.57, a P/E/G ratio of 56.20 and a beta of 1.69.

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

Analyst Ratings Changes

Several research firms have recently issued reports on ELD. Canadian Imperial Bank of Commerce raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 9th. Jefferies Financial Group raised Eldorado Gold to a “strong-buy” rating in a research note on Thursday, August 20th. Canaccord Genuity Group upped their price objective on shares of Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday, August 13th. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, National Bank Financial increased their price objective on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of “Buy” and a consensus price target of C$59.38.

About Eldorado Gold

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).