Eldorado Gold Co. (NYSE:EGO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,093,624 shares of the basic materials company's stock after selling 122,179 shares during the period. Bank of Montreal Can owned approximately 0.53% of Eldorado Gold worth $16,245,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in Eldorado Gold in the fourth quarter worth $287,000. Envestnet Asset Management Inc. purchased a new stake in Eldorado Gold during the fourth quarter worth about $183,000. Donald Smith & CO. Inc. grew its position in Eldorado Gold by 2.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company's stock worth $179,942,000 after buying an additional 309,599 shares during the period. Trexquant Investment LP lifted its position in shares of Eldorado Gold by 39.3% during the 4th quarter. Trexquant Investment LP now owns 272,594 shares of the basic materials company's stock valued at $4,053,000 after acquiring an additional 76,863 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Eldorado Gold by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 99,562 shares of the basic materials company's stock worth $1,496,000 after acquiring an additional 3,651 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

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Analyst Upgrades and Downgrades

EGO has been the topic of a number of research analyst reports. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank lifted their price objective on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, Royal Bank of Canada raised their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Eldorado Gold has an average rating of "Moderate Buy" and a consensus price target of $20.38.

Eldorado Gold Trading Down 0.3 %

Eldorado Gold stock traded down $0.07 during trading on Tuesday, hitting $19.34. The company's stock had a trading volume of 1,542,729 shares, compared to its average volume of 1,554,156. The stock's fifty day moving average is $15.51 and its 200 day moving average is $15.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $19.74. The stock has a market capitalization 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 posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities research analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current year.

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.