Cerity Partners LLC Acquires Shares of 19,180 Eldorado Gold Co. (NYSE:EGO)

Cerity Partners LLC bought a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,180 shares of the basic materials company's stock, valued at approximately $287,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Eldorado Gold by 18.6% in the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after acquiring an additional 27,667 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Eldorado Gold by 7.4% in the third quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock valued at $1,675,000 after acquiring an additional 6,629 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Eldorado Gold by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock worth $15,783,000 after purchasing an additional 15,652 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Eldorado Gold by 130.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock valued at $2,607,000 after acquiring an additional 85,053 shares during the period. Finally, Perpetual Ltd purchased a new stake in shares of Eldorado Gold during the fourth quarter valued at about $425,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EGO. Scotiabank boosted their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Royal Bank of Canada upped their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.38.

Eldorado Gold Stock Down 1.9 %

Shares of EGO traded down $0.36 during trading on Friday, reaching $19.05. The company's stock had a trading volume of 1,196,464 shares, compared to its average volume of 1,572,358. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $20.65. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 13.61 and a beta of 0.81. The company has a fifty day moving average of $16.35 and a two-hundred day moving average of $16.05.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, topping 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, sell-side analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

Eldorado Gold Profile

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.