Sei Investments Co. acquired a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 73,198 shares of the basic materials company's stock, valued at approximately $1,088,000.
Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Eldorado Gold during the fourth quarter worth approximately $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Eldorado Gold during the 4th quarter worth approximately $113,000. Atria Wealth Solutions Inc. grew its stake in shares of Eldorado Gold by 16.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock valued at $297,000 after purchasing an additional 2,775 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Eldorado Gold by 84.9% in the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company's stock valued at $322,000 after purchasing an additional 8,512 shares during the period. Finally, Perpetual Ltd purchased a new stake in shares of Eldorado Gold during the fourth quarter worth approximately $425,000. Institutional investors and hedge funds own 69.58% of the company's stock.
Eldorado Gold Price Performance
Shares of EGO traded up $1.30 during trading hours on Friday, reaching $19.30. The company had a trading volume of 4,223,730 shares, compared to its average volume of 1,557,998. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 13.79 and a beta of 0.81. Eldorado Gold Co. has a 12-month low of $13.29 and a 12-month high of $19.55. The firm has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $15.90. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Research analysts expect that Eldorado Gold Co. will post 1.5 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on EGO shares. Scotiabank dropped their price objective on shares of 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. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.75.
Check Out 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.
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