Insider Selling: Eldorado Gold (TSE:ELD) Insider Sells 5,000 Shares of Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) insider Mehmet Yilmaz sold 5,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$44.42, for a total value of C$222,100.00. Following the transaction, the insider directly owned 27,543 shares of the company’s stock, valued at approximately C$1,223,460.06. This represents a 15.36% decrease in their ownership of the stock.

Mehmet Yilmaz also recently made the following trade(s):

• On Thursday, June 18th, Mehmet Yilmaz bought 2 shares of Eldorado Gold stock. The shares were acquired at an average cost of C$47.27 per share, for a total transaction of C$94.54.

Eldorado Gold Stock Up 0.4%

Shares of TSE ELD traded up C$0.18 during midday trading on Tuesday, hitting C$44.34. 233,195 shares of the company’s stock were exchanged, compared to its average volume of 776,962. The firm’s fifty day simple moving average is C$44.28 and its 200-day simple moving average is C$50.48. The company has a market cap of C$11.55 billion, a PE ratio of 15.84, a P/E/G ratio of 56.20 and a beta of 1.37. Eldorado Gold Co. has a twelve month low of C$26.87 and a twelve month high of C$69.46. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.27.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share (EPS) for the quarter. The firm had revenue of C$740.23 million during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. Research analysts predict that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ELD shares. BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the company an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. National Bank Financial boosted their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, TD decreased their price objective on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Eldorado Gold presently has an average rating of “Moderate Buy” and an average price target of C$63.50.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.