Montrusco Bolton Investments Inc. Has $9.43 Million Stake in Eldorado Gold Co. (NYSE:EGO)

Montrusco Bolton Investments Inc. lessened its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 634,591 shares of the basic materials company's stock after selling 46,635 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.31% of Eldorado Gold worth $9,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jennison Associates LLC increased its holdings in Eldorado Gold by 65.0% in the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock valued at $104,777,000 after purchasing an additional 2,376,241 shares during the last quarter. Equinox Partners Investment Management LLC increased its holdings in shares of Eldorado Gold by 32.0% in the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock worth $17,185,000 after acquiring an additional 239,800 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Eldorado Gold by 1.8% in the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock worth $15,783,000 after acquiring an additional 15,652 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Eldorado Gold by 22.9% in the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock worth $11,089,000 after acquiring an additional 118,760 shares in the last quarter. Finally, U S Global Investors Inc. increased its holdings in shares of Eldorado Gold by 5.9% in the third quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company's stock worth $4,812,000 after acquiring an additional 15,351 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Stock Down 1.3 %

Shares of EGO stock traded down $0.20 on Friday, hitting $15.23. 1,836,720 shares of the stock were exchanged, compared to its average volume of 1,251,859. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.12 billion, a P/E ratio of 11.36 and a beta of 0.94. The business has a 50-day moving average of $15.50 and a 200 day moving average of $16.48. Eldorado Gold Co. has a fifty-two week low of $9.72 and a fifty-two week high of $19.06.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The firm had revenue of $331.76 million during the quarter. During the same period last year, the company posted $0.17 earnings per share. Equities analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EGO shares. StockNews.com downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a report on Monday, November 4th. Finally, Scotiabank reduced their price objective on Eldorado Gold from $20.00 to $18.50 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.50.

Eldorado Gold Company 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.