Insider Selling: Eldorado Gold Co. (TSE:ELD) Senior Officer Sells 6,134 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Senior Officer Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54.

Eldorado Gold Trading Down 4.5 %

TSE ELD opened at C$23.80 on Friday. The firm has a market cap of C$4.87 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 56.20 and a beta of 1.23. Eldorado Gold Co. has a 1-year low of C$11.38 and a 1-year high of C$25.37. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The stock has a 50-day moving average of C$23.18 and a 200-day moving average of C$21.32.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.36 by C$0.09. The firm had revenue of C$406.56 million during the quarter. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. As a group, sell-side analysts forecast that Eldorado Gold Co. will post 2.1566697 EPS for the current year.

Analysts Set New Price Targets

ELD has been the subject of several research analyst reports. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. National Bankshares boosted their target price on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Finally, Canaccord Genuity Group upped their target price on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and a consensus 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.