Navellier & Associates Inc. acquired a new stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,555 shares of the basic materials company's stock, valued at approximately $878,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its position in shares of Eldorado Gold by 130.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company's stock worth $890,000 after purchasing an additional 35,820 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Eldorado Gold during the 2nd quarter worth approximately $2,238,000. Maverick Capital Ltd. acquired a new stake in shares of Eldorado Gold during the 2nd quarter worth approximately $1,256,000. Gabelli Funds LLC increased its position in Eldorado Gold by 2.8% in the 1st quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company's stock valued at $28,421,000 after acquiring an additional 55,000 shares during the period. Finally, Equinox Partners Investment Management LLC increased its position in Eldorado Gold by 32.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock valued at $17,185,000 after acquiring an additional 239,800 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.
Wall Street Analyst Weigh In
EGO has been the topic of several analyst reports. Royal Bank of Canada raised their target price on Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com lowered Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. TD Securities decreased their price target on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Finally, Scotiabank increased their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Monday, August 19th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.88.
View Our Latest Analysis on EGO
Eldorado Gold Price Performance
Shares of EGO traded down $0.10 during trading hours on Friday, hitting $16.56. 803,792 shares of the company were exchanged, compared to its average volume of 1,529,306. The company has a market capitalization of $3.39 billion, a PE ratio of 12.36 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The firm has a fifty day simple moving average of $17.15 and a 200-day simple moving average of $16.47. Eldorado Gold Co. has a one year low of $9.72 and a one year high of $19.06.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released 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. The business had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same period in the prior year, the business earned $0.17 earnings per share. As a group, sell-side analysts predict that Eldorado Gold Co. will post 1.41 earnings per share 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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