Insider Selling: Eldorado Gold Co. (TSE:ELD) Senior Officer Sells 3,186 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Senior Officer Christos Balaskas sold 3,186 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$20.29, for a total value of C$64,633.74.

Eldorado Gold Price Performance

TSE:ELD traded down C$0.15 on Thursday, reaching C$20.59. 164,880 shares of the company’s stock traded hands, compared to its average volume of 388,228. Eldorado Gold Co. has a 12 month low of C$11.38 and a 12 month high of C$22.01. The company has a quick ratio of 2.28, a current ratio of 3.39 and a debt-to-equity ratio of 18.60. The firm has a market cap of C$4.18 billion, a PE ratio of 28.41, a P/E/G ratio of 56.20 and a beta of 1.13. The stock has a 50-day simple moving average of C$18.96 and a 200-day simple moving average of C$17.09.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. The company had revenue of C$417.85 million for the quarter. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. Equities research analysts forecast that Eldorado Gold Co. will post 0.9818008 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. National Bankshares decreased their target price on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Stifel Nicolaus raised their target price on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, BMO Capital Markets upped their target price on shares of Eldorado Gold from C$21.00 to C$23.00 in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Eldorado Gold presently has an average rating of “Hold” and an average price target of C$20.69.

About Eldorado Gold

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.