Carrhae Capital LLP increased its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,040,730 shares of the basic materials company's stock after buying an additional 738,233 shares during the quarter. Eldorado Gold comprises about 7.5% of Carrhae Capital LLP's investment portfolio, making the stock its 3rd biggest position. Carrhae Capital LLP owned 2.95% of Eldorado Gold worth $89,826,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Eldorado Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company's stock valued at $117,228,000 after buying an additional 136,594 shares in the last quarter. LPL Financial LLC grew its stake in shares of Eldorado Gold by 100.6% in the fourth quarter. LPL Financial LLC now owns 22,506 shares of the basic materials company's stock valued at $335,000 after buying an additional 11,285 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Eldorado Gold during the 4th quarter valued at about $254,000. Sei Investments Co. acquired a new position in Eldorado Gold during the 4th quarter worth approximately $1,088,000. Finally, Boston Partners boosted its holdings in Eldorado Gold by 3.8% in the 4th quarter. Boston Partners now owns 1,777,646 shares of the basic materials company's stock worth $26,456,000 after acquiring an additional 64,528 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.
Wall Street Analyst Weigh In
EGO has been the topic of several analyst reports. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Scotiabank lowered their price objective on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Finally, National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.00.
View Our Latest Stock Report on EGO
Eldorado Gold Stock Performance
Shares of NYSE EGO traded up $0.09 during trading on Friday, reaching $16.76. The stock had a trading volume of 1,671,773 shares, compared to its average volume of 1,510,108. The firm's 50 day moving average price is $14.87 and its two-hundred day moving average price is $15.93. Eldorado Gold Co. has a one year low of $13.29 and a one year high of $19.06. The stock has a market cap of $3.43 billion, a PE ratio of 11.97 and a beta of 1.11. 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 (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 business had revenue of $435.70 million during 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%. On average, research analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.
Eldorado Gold Profile
(
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.
Further Reading
Before you consider Eldorado Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eldorado Gold wasn't on the list.
While Eldorado Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
