Edmond DE Rothschild Holding S.A. boosted its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 53.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,447 shares of the basic materials company's stock after buying an additional 27,426 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Eldorado Gold were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of 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 worth $117,228,000 after acquiring an additional 136,594 shares in the last quarter. Jennison Associates LLC boosted its stake in Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after purchasing an additional 1,058,137 shares during the period. Carrhae Capital LLP grew its holdings in Eldorado Gold by 13.9% during the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock valued at $89,826,000 after buying an additional 738,233 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Eldorado Gold by 648.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock valued at $39,408,000 after buying an additional 2,296,018 shares during the period. Finally, Boston Partners boosted its position in shares of Eldorado Gold by 3.8% in the fourth quarter. Boston Partners now owns 1,777,646 shares of the basic materials company's stock valued at $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.
Analyst Upgrades and Downgrades
Several research firms recently commented on EGO. Royal Bank of Canada boosted their target price on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday. StockNews.com cut Eldorado Gold from a "buy" rating to a "hold" rating in a report on Wednesday. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank reduced their price target on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average target price of $19.75.
View Our Latest Stock Report on EGO
Eldorado Gold Stock Performance
Shares of Eldorado Gold stock traded down $1.52 during trading on Friday, hitting $16.17. 3,038,367 shares of the company's stock traded hands, compared to its average volume of 1,528,221. Eldorado Gold Co. has a 1 year low of $13.29 and a 1 year high of $19.06. The business has a 50-day simple moving average of $15.10 and a 200-day simple moving average of $15.92. The stock has a market capitalization of $3.31 billion, a P/E ratio of 11.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS 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%. As a group, 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.
Featured Articles
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
