Eldorado Gold Co. (NYSE:EGO) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,188,923 shares of the basic materials company's stock after selling 39,010 shares during the period. Schroder Investment Management Group owned approximately 0.58% of Eldorado Gold worth $17,477,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in Eldorado Gold by 0.3% during the 4th quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock valued at $3,737,000 after purchasing an additional 804 shares in the last quarter. Swiss National Bank grew its stake in shares of Eldorado Gold by 0.6% during the fourth quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock valued at $6,000,000 after acquiring an additional 2,500 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Eldorado Gold by 16.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock worth $297,000 after acquiring an additional 2,775 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Eldorado Gold during the fourth quarter worth about $55,000. Finally, Keybank National Association OH lifted its stake in shares of Eldorado Gold by 17.8% in the fourth quarter. Keybank National Association OH now owns 34,137 shares of the basic materials company's stock worth $508,000 after acquiring an additional 5,148 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

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Eldorado Gold Stock Performance

Shares of NYSE:EGO traded down $0.53 on Monday, reaching $15.64. 3,572,309 shares of the company's stock were exchanged, compared to its average volume of 1,536,456. The business's 50-day moving average is $15.11 and its two-hundred day moving average is $15.90. 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 Co. has a fifty-two week low of $13.29 and a fifty-two week high of $19.06. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 11.17 and a beta of 0.81.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. As a group, equities research analysts forecast that Eldorado Gold Co. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday. StockNews.com downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Scotiabank dropped their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Eldorado Gold has an average rating of "Moderate Buy" and a consensus target price of $19.75.

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.