Eldorado Gold Corp (ELD) Insider Acquires C$110,700.00 in Stock

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) insider Timothy Francis Garvin acquired 90,000 shares of the business’s stock in a transaction on Friday, April 6th. The shares were bought at an average cost of C$1.23 per share, for a total transaction of C$110,700.00.

Shares of Eldorado Gold stock opened at C$1.24 on Monday. Eldorado Gold Corp has a 12 month low of C$1.03 and a 12 month high of C$5.13.

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A number of research firms have weighed in on ELD. BMO Capital Markets reissued a “market perform” rating and set a C$1.50 price objective on shares of Eldorado Gold in a report on Friday, March 23rd. Canaccord Genuity cut their price objective on shares of Eldorado Gold from C$2.00 to C$1.25 in a report on Friday, March 23rd. Eight Capital cut their price objective on shares of Eldorado Gold from C$1.60 to C$1.30 in a report on Friday, March 23rd. Finally, Desjardins cut shares of Eldorado Gold from a “hold” rating to a “sell” rating and cut their price objective for the stock from C$1.75 to C$1.00 in a report on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Eldorado Gold presently has an average rating of “Hold” and a consensus price target of C$2.10.

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Eldorado Gold Company Profile

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.

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