Eldorado Gold Co. (NYSE:EGO) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 130.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,083 shares of the basic materials company's stock after purchasing an additional 94,040 shares during the period. BNP Paribas Financial Markets owned about 0.08% of Eldorado Gold worth $2,885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EGO. The Manufacturers Life Insurance Company lifted its holdings in shares of Eldorado Gold by 55.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 264,111 shares of the basic materials company's stock valued at $4,592,000 after purchasing an additional 94,676 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Eldorado Gold during the third quarter worth approximately $544,000. Navellier & Associates Inc. purchased a new position in Eldorado Gold during the 3rd quarter worth $878,000. Jennison Associates LLC lifted its position 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 period. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Eldorado Gold in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Stock Down 2.1 %

Eldorado Gold stock traded down $0.34 during midday trading on Friday, hitting $15.84. 668,059 shares of the stock were exchanged, compared to its average volume of 1,502,800. 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 Co. has a 1 year low of $9.72 and a 1 year high of $19.06. The company has a 50 day moving average price of $16.84 and a two-hundred day moving average price of $16.52. The firm has a market cap of $3.25 billion, a P/E ratio of 11.86 and a beta of 0.93.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The company had revenue of $331.76 million during the quarter. During the same period in the prior year, the business earned $0.17 earnings per share. On average, sell-side analysts predict that Eldorado Gold Co. will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EGO. Scotiabank lifted their price target on Eldorado Gold from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com cut Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, TD Securities dropped their price target on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.88.

About Eldorado Gold

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.