Raymond James Financial Inc. bought a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 83,982 shares of the basic materials company's stock, valued at approximately $1,249,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its holdings 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 during the period. Atria Wealth Solutions Inc. lifted its position in 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 acquiring an additional 2,775 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Eldorado Gold during the fourth quarter valued at about $55,000. Keybank National Association OH grew its position in shares of Eldorado Gold by 17.8% in the fourth quarter. Keybank National Association OH now owns 34,137 shares of the basic materials company's stock valued at $508,000 after purchasing an additional 5,148 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Eldorado Gold by 7.4% in the third quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock worth $1,675,000 after purchasing an additional 6,629 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.
Eldorado Gold Stock Performance
Shares of NYSE EGO traded down $0.53 during trading hours on Monday, reaching $15.64. The stock had a trading volume of 3,572,309 shares, compared to its average volume of 1,536,455. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 11.17 and a beta of 0.81. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $19.06. The business's fifty day moving average is $15.11 and its two-hundred day moving average is $15.90. 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 (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $440.43 million. As a group, research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current year.
Analyst Ratings Changes
Several analysts recently weighed in on the company. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com cut Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. 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 research report on Friday, February 7th. Finally, Royal Bank of Canada increased their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.75.
Get Our Latest Analysis on EGO
Eldorado Gold Company 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.
Recommended Stories
Before you consider Eldorado Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eldorado Gold wasn't on the list.
While Eldorado Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
