Equinox Partners Investment Management LLC lowered its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 949,810 shares of the basic materials company's stock after selling 39,566 shares during the period. Eldorado Gold comprises 9.6% of Equinox Partners Investment Management LLC's holdings, making the stock its 4th largest position. Equinox Partners Investment Management LLC owned 0.46% of Eldorado Gold worth $14,124,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Jennison Associates LLC increased its holdings in Eldorado Gold by 17.5% during 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 in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Eldorado Gold by 130.5% during the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company's stock worth $2,885,000 after buying an additional 94,040 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Eldorado Gold by 130.7% during the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after buying an additional 85,053 shares in the last quarter. Navellier & Associates Inc. acquired a new stake in Eldorado Gold in the 3rd quarter valued at approximately $878,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Eldorado Gold by 33.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company's stock valued at $3,515,000 after acquiring an additional 50,500 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.
Wall Street Analysts Forecast Growth
EGO has been the subject of several research reports. TD Securities decreased their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Scotiabank decreased 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, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.00.
Check Out Our Latest Stock Report on Eldorado Gold
Eldorado Gold Stock Up 0.8 %
EGO traded up $0.10 during trading on Friday, reaching $13.78. 3,020,819 shares of the stock were exchanged, compared to its average volume of 1,864,585. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock's 50 day moving average price is $14.87 and its two-hundred day moving average price is $16.20. Eldorado Gold Co. has a twelve month low of $10.24 and a twelve month high of $19.06. The stock has a market cap of $2.82 billion, a P/E ratio of 9.85 and a beta of 0.93.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The company had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. Equities analysts expect 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.
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