Mehmet Yilmaz Sells 6,134 Shares of Eldorado Gold Co. (TSE:ELD) 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 shares were sold at an average price of C$22.27, for a total value of C$136,611.54.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at C$23.80 on Friday. The firm’s 50 day simple moving average is C$23.18 and its 200 day simple moving average is C$21.32. 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 1-year low of C$11.38 and a 1-year high of C$25.37. The firm has a market capitalization 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 (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share 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 firm had revenue of C$406.56 million for the quarter. As a group, analysts expect that Eldorado Gold Co. will post 2.1566697 earnings per share for the current fiscal year.

Analyst Ratings Changes

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