Renaissance Technologies LLC lessened its holdings in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,094,637 shares of the basic materials company's stock after selling 209,000 shares during the quarter. Renaissance Technologies LLC owned 1.51% of Eldorado Gold worth $46,017,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Eldorado Gold during the third quarter worth about $2,626,000. Barclays PLC increased its holdings in shares of Eldorado Gold by 18.6% in the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after acquiring an additional 27,667 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Eldorado Gold by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock valued at $1,675,000 after acquiring an additional 6,629 shares in the last quarter. Toronto Dominion Bank lifted its stake in Eldorado Gold by 84.9% during the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company's stock worth $322,000 after purchasing an additional 8,512 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Eldorado Gold by 331.4% in the third quarter. Sanctuary Advisors LLC now owns 138,556 shares of the basic materials company's stock worth $2,295,000 after purchasing an additional 106,438 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Eldorado Gold Stock Performance
EGO stock traded down $0.07 during trading on Tuesday, reaching $19.34. 996,302 shares of the company's stock were exchanged, compared to its average volume of 1,554,192. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $19.74. The firm has a market cap of $3.97 billion, a PE ratio of 13.81 and a beta of 0.81. The company's fifty day moving average price is $15.41 and its 200-day moving average price is $15.89. 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 (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. On average, research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
EGO has been the topic of a number of recent research reports. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Scotiabank boosted their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday. Finally, National Bank Financial raised 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.38.
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Eldorado Gold Profile
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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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