Eldorado Gold Co. (NYSE:EGO) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 331.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,556 shares of the basic materials company's stock after buying an additional 106,438 shares during the quarter. Sanctuary Advisors LLC owned 0.07% of Eldorado Gold worth $2,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EGO. Allspring Global Investments Holdings LLC purchased a new stake in shares of Eldorado Gold during the 2nd quarter worth approximately $2,238,000. Jessup Wealth Management Inc acquired a new position in shares of Eldorado Gold during the 2nd quarter worth $6,910,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Eldorado Gold by 4.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,980 shares of the basic materials company's stock worth $679,000 after buying an additional 1,858 shares in the last quarter. Tobam grew its stake in Eldorado Gold by 14.8% in the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company's stock valued at $74,000 after acquiring an additional 651 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in Eldorado Gold during the 2nd quarter valued at about $6,992,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EGO shares. StockNews.com lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, TD Securities decreased their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.88.

Eldorado Gold Trading Down 1.3 %

Shares of EGO stock traded down $0.20 during trading hours on Thursday, hitting $14.97. 815,393 shares of the company were exchanged, compared to its average volume of 1,481,531. Eldorado Gold Co. has a 1 year low of $9.72 and a 1 year high of $19.06. The firm has a fifty day moving average of $16.61 and a 200 day moving average of $16.53. The firm has a market cap of $3.07 billion, a PE ratio of 11.17 and a beta of 0.93. 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 quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The business had revenue of $331.76 million during the quarter. During the same quarter in the previous year, the company earned $0.17 earnings per share. Analysts expect that Eldorado Gold Co. will post 1.42 earnings per share for the current year.

Eldorado Gold Company Profile

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.