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 the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total value of C$83,234.71.

Eldorado Gold Stock Performance

Eldorado Gold stock traded down C$0.40 during mid-day trading on Tuesday, hitting C$23.71. The company had a trading volume of 62,709 shares, compared to its average volume of 346,904. 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. The company’s fifty day moving average is C$22.96 and its 200-day moving average is C$20.83. The company has a market capitalization of C$4.85 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 56.20 and a beta of 1.23.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data 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 return on equity of 4.99% and a net margin of 15.68%. The business had revenue of C$406.56 million for the quarter. Equities research analysts predict that Eldorado Gold Co. will post 2.154321 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.