Arrowstreet Capital Limited Partnership reduced its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 95.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,563 shares of the basic materials company's stock after selling 245,746 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Eldorado Gold were worth $172,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after buying an additional 1,058,137 shares during the period. JPMorgan Chase & Co. lifted its holdings in Eldorado Gold by 130.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after purchasing an additional 85,053 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Eldorado Gold during the fourth quarter worth about $55,000. Barclays PLC increased its position in shares of Eldorado Gold by 18.6% in the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock worth $3,064,000 after purchasing an additional 27,667 shares during the period. Finally, Swiss National Bank increased its stake in shares of Eldorado Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock valued at $6,000,000 after purchasing an additional 2,500 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Scotiabank lifted their price target on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.38.
Get Our Latest Analysis on EGO
Eldorado Gold Stock Down 0.3 %
Shares of EGO traded down $0.07 during trading hours on Tuesday, reaching $19.34. 1,542,729 shares of the stock traded hands, compared to its average volume of 1,554,156. Eldorado Gold Co. has a 52 week low of $13.29 and a 52 week high of $19.74. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $15.92. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 13.81 and a beta of 0.81.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The company had revenue of $435.70 million during the quarter, compared to analyst estimates of $440.43 million. On average, equities analysts forecast that Eldorado Gold Co. will post 1.5 EPS for the current year.
About Eldorado Gold
(
Free Report)
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.
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