Charles Schwab Investment Management Inc. Lowers Holdings in Eldorado Gold Co. (NYSE:EGO)

Charles Schwab Investment Management Inc. lowered its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 515,988 shares of the basic materials company's stock after selling 16,148 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.25% of Eldorado Gold worth $7,671,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Banque Cantonale Vaudoise acquired a new stake in Eldorado Gold in the third quarter worth $36,000. SBI Securities Co. Ltd. bought a new position in shares of Eldorado Gold during the 4th quarter worth about $55,000. Atria Wealth Solutions Inc. increased its position in Eldorado Gold by 16.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock valued at $297,000 after buying an additional 2,775 shares in the last quarter. Toronto Dominion Bank raised its stake in Eldorado Gold by 84.9% during the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company's stock worth $322,000 after buying an additional 8,512 shares during the period. Finally, Perpetual Ltd acquired a new position in Eldorado Gold during the 4th quarter worth approximately $425,000. Institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EGO. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Finally, Scotiabank decreased their price objective on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $20.00.

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Eldorado Gold Stock Performance

EGO traded up $0.28 during trading hours on Thursday, hitting $16.67. The stock had a trading volume of 1,901,655 shares, compared to its average volume of 1,793,760. Eldorado Gold Co. has a 1 year low of $13.29 and a 1 year high of $19.06. The company's fifty day simple moving average is $14.79 and its 200 day simple moving average is $15.92. The stock has a market cap of $3.42 billion, a PE ratio of 11.90 and a beta of 1.11. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. The firm 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%. Equities analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share for the current 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.