HighTower Advisors LLC purchased a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,987 shares of the basic materials company's stock, valued at approximately $461,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of EGO. CIBC Asset Management Inc lifted 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 valued at $3,737,000 after acquiring an additional 804 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock valued at $297,000 after acquiring an additional 2,775 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Eldorado Gold in the fourth quarter worth $55,000. Keybank National Association OH boosted its stake in shares of Eldorado Gold by 17.8% during the 4th 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Eldorado Gold by 11.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,377 shares of the basic materials company's stock valued at $764,000 after purchasing an additional 5,397 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Eldorado Gold Stock Performance
NYSE EGO traded up $0.17 during trading on Wednesday, reaching $17.77. The company's stock had a trading volume of 1,440,382 shares, compared to its average volume of 1,815,794. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 12.69 and a beta of 0.81. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $19.06. 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 50 day moving average price of $14.98 and a 200 day moving average price of $15.91.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. The company 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%. As a group, equities analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have issued reports on EGO. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Scotiabank cut their price target on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a report on Friday, February 7th. Finally, National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.
Read Our Latest Stock Report on Eldorado Gold
Eldorado Gold Profile
(
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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