Ryan Swedburg Sells 3,553 Shares of Eldorado Gold Co. (TSE:ELD) Stock

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) Senior Officer Ryan Swedburg sold 3,553 shares of the company’s stock in a transaction 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 Trading Down 1.7 %

TSE ELD opened at C$23.22 on Thursday. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. Eldorado Gold Co. has a one year low of C$11.38 and a one year high of C$25.04. The company’s 50 day moving average price is C$22.96 and its 200 day moving average price is C$20.83. The firm has a market capitalization of C$4.75 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 56.20 and a beta of 1.23.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter. On average, sell-side analysts predict that Eldorado Gold Co. will post 2.154321 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on ELD. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and lifted their price target 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. Canaccord Genuity Group increased their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Finally, National Bankshares lifted their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Eldorado Gold currently 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.