Eldorado Gold (TSE:ELD) Director Daniel Myerson Purchases 1,100 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Director Daniel Myerson bought 1,100 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of C$43.71 per share, with a total value of C$48,081.00. Following the completion of the acquisition, the director directly owned 3,941 shares of the company’s stock, valued at approximately C$172,261.11. The trade was a 38.72% increase in their position.

Daniel Myerson also recently made the following trade(s):

• On Friday, May 15th, Daniel Myerson bought 9 shares of Eldorado Gold stock. The stock was purchased at an average cost of C$43.92 per share, with a total value of C$395.28.
• On Monday, May 11th, Daniel Myerson bought 332 shares of Eldorado Gold stock. The stock was purchased at an average cost of C$48.25 per share, with a total value of C$16,019.00.

Eldorado Gold Stock Down 7.8%

Shares of Eldorado Gold stock opened at C$43.51 on Friday. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62. The stock has a market capitalization of C$11.46 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. Eldorado Gold Co. has a 52-week low of C$24.30 and a 52-week high of C$69.46. The company has a 50-day simple moving average of C$47.62 and a two-hundred day simple moving average of C$49.42.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share (EPS) for the quarter. The business had revenue of C$740.23 million during the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. On average, analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELD. Bank of America boosted their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. National Bank Financial boosted their price objective on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Royal Bank Of Canada cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$63.50.

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.