ANTIPODES PARTNERS Ltd boosted its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 648.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,649,986 shares of the basic materials company's stock after purchasing an additional 2,296,018 shares during the quarter. Eldorado Gold comprises 1.4% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 26th biggest position. ANTIPODES PARTNERS Ltd owned approximately 1.29% of Eldorado Gold worth $39,408,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of 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 worth $3,737,000 after buying an additional 804 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Eldorado Gold during the 3rd quarter worth about $36,000. Swiss National Bank raised its position in shares of Eldorado Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock worth $6,000,000 after buying an additional 2,500 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Eldorado Gold by 16.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock worth $297,000 after buying an additional 2,775 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Eldorado Gold in the 4th quarter worth approximately $55,000. 69.58% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
EGO has been the topic of a number of research reports. Scotiabank dropped their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a report on Friday, February 7th. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.00.
Get Our Latest Stock Report on EGO
Eldorado Gold Trading Down 0.2 %
Shares of Eldorado Gold stock traded down $0.04 during trading on Friday, hitting $15.27. The stock had a trading volume of 1,152,759 shares, compared to its average volume of 1,416,472. The stock has a 50 day simple moving average of $14.74 and a 200 day simple moving average of $15.97. The company has a market capitalization of $3.13 billion, a PE ratio of 10.90 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 Co. has a 1 year low of $12.75 and a 1 year high of $19.06.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results 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. The business had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current fiscal 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.
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