Sanctuary Advisors LLC lowered its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 43.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,810 shares of the basic materials company's stock after selling 60,746 shares during the period. Sanctuary Advisors LLC's holdings in Eldorado Gold were worth $1,201,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Jennison Associates LLC boosted its stake in shares of Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after buying an additional 1,058,137 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Eldorado Gold by 1.8% in the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock valued at $15,783,000 after buying an additional 15,652 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Eldorado Gold by 22.9% in the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock valued at $11,089,000 after buying an additional 118,760 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Eldorado Gold by 55.9% in the third quarter. The Manufacturers Life Insurance Company now owns 264,111 shares of the basic materials company's stock valued at $4,592,000 after buying an additional 94,676 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Eldorado Gold by 12.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 227,300 shares of the basic materials company's stock valued at $3,376,000 after buying an additional 25,300 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.
Eldorado Gold Price Performance
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 business's 50 day moving average price is $14.87 and its two-hundred day moving average price is $16.20. 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 company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 9.85 and a beta of 0.93. Eldorado Gold Co. has a 1 year low of $10.24 and a 1 year high of $19.06.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, topping 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 return on equity of 8.74% and a net margin of 21.86%. As a group, equities research analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Scotiabank decreased their price target on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. TD Securities decreased their price target on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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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