Lynette Gould Sells 700 Shares of Eldorado Gold Co. (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Senior Officer Lynette Gould sold 700 shares of Eldorado Gold stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$23.33, for a total transaction of C$16,331.00.

Eldorado Gold Stock Down 0.6 %

Shares of ELD traded down C$0.15 during midday trading on Friday, hitting C$23.21. The company had a trading volume of 143,539 shares, compared to its average volume of 353,647. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. Eldorado Gold Co. has a 52 week low of C$11.38 and a 52 week high of C$25.04. The company’s 50 day moving average price is C$22.47 and its 200 day moving average price is C$20.27. The stock has a market cap of C$4.75 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 56.20 and a beta of 1.21.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The company had revenue of C$406.56 million during the quarter. On average, equities research analysts predict that Eldorado Gold Co. will post 1.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ELD shares. Cibc World Mkts raised shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$14.00 to C$20.00 in a report on Wednesday, May 29th. Canaccord Genuity Group boosted their price target on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Finally, National Bankshares upped their price target on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Eldorado Gold currently has a consensus 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.