Amundi Buys 130,848 Shares of Eldorado Gold Co. (NYSE:EGO)

Amundi raised its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,095,624 shares of the basic materials company's stock after acquiring an additional 130,848 shares during the period. Amundi owned approximately 0.53% of Eldorado Gold worth $17,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC grew its position in Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Eldorado Gold by 130.5% in the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company's stock worth $2,885,000 after buying an additional 94,040 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Eldorado Gold by 130.7% during the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock valued at $2,607,000 after buying an additional 85,053 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Eldorado Gold during the third quarter valued at approximately $878,000. Finally, National Bank of Canada FI raised its holdings in Eldorado Gold by 22.9% in the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock worth $11,089,000 after acquiring an additional 118,760 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Remove Ads

Eldorado Gold Stock Performance

Shares of NYSE EGO traded up $0.23 during midday trading on Monday, hitting $15.49. 1,347,585 shares of the company's stock traded hands, compared to its average volume of 1,416,196. The firm has a fifty day moving average of $14.74 and a 200 day moving average of $15.96. Eldorado Gold Co. has a 1 year low of $12.75 and a 1 year high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 11.06 and a beta of 1.11.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million during the quarter, compared to analysts' expectations of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Scotiabank cut their target price on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Eldorado Gold has a consensus rating of "Moderate Buy" and an average target price of $20.00.

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.