Sprott Inc. trimmed its position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 713,431 shares of the basic materials company's stock after selling 90,059 shares during the period. Sprott Inc. owned 0.35% of Eldorado Gold worth $10,609,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in EGO. Blue Trust Inc. boosted its position in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after purchasing an additional 1,336 shares during the period. Banque Cantonale Vaudoise bought a new position in Eldorado Gold during the third quarter worth $36,000. Toronto Dominion Bank boosted its position 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 period. Atria Wealth Solutions Inc. boosted its position in Eldorado Gold by 16.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock worth $297,000 after purchasing an additional 2,775 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Eldorado Gold during the third quarter worth $394,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Eldorado Gold Stock Performance
Shares of Eldorado Gold stock traded up $0.10 during trading on Friday, reaching $13.78. The company's stock had a trading volume of 3,020,819 shares, compared to its average volume of 1,864,585. The business's 50-day moving average price is $14.87 and its 200-day moving average price is $16.20. The firm has a market cap of $2.82 billion, a PE ratio of 9.85 and a beta of 0.93. Eldorado Gold Co. has a 52 week low of $10.24 and a 52 week high of $19.06. 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 posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping 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 business had revenue of $435.70 million during the quarter, compared to analysts' expectations of $440.43 million. Equities analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current year.
Analyst Ratings Changes
EGO has been the subject of a number of research analyst reports. TD Securities reduced their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Scotiabank reduced their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.
View Our Latest Stock Report on EGO
About Eldorado Gold
(
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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