Insider Selling: Eldorado Gold Co. (TSE:ELD) Senior Officer Sells 3,553 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total transaction of C$83,234.71.

Eldorado Gold Price Performance

The company’s fifty day moving average is C$22.96 and its 200-day moving average is C$20.83. The stock has a market cap of C$4.84 billion, a PE ratio of 19.86, a P/E/G ratio of 56.20 and a beta of 1.23. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. Eldorado Gold Co. has a 12-month low of C$11.38 and a 12-month high of C$25.04.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.36 by C$0.09. The business had revenue of C$406.56 million for the quarter. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. On average, equities research analysts expect that Eldorado Gold Co. will post 2.154321 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ELD shares. Cibc World Mkts upgraded Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$14.00 to C$20.00 in a research report on Wednesday, May 29th. National Bankshares upped their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Finally, Canaccord Genuity Group raised their price objective on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$22.54.

Eldorado Gold Company Profile

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.