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 that occurred on Thursday, August 29th. The stock was sold at an average price of C$23.33, for a total transaction of C$16,331.00.

Eldorado Gold Stock Performance

The firm has a 50-day moving average of C$22.47 and a 200-day moving average of C$20.27. Eldorado Gold Co. has a 12-month low of C$11.38 and a 12-month high of C$25.04. 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 firm has a market capitalization of C$4.76 billion, a P/E ratio of 19.34, a P/E/G ratio of 56.20 and a beta of 1.21.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its 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. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The business had revenue of C$406.56 million during the quarter. As a group, equities analysts predict that Eldorado Gold Co. will post 1.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ELD has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$14.00 to C$20.00 in a report on Wednesday, May 29th. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, National Bankshares increased their price objective on shares of 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.