Eldorado Gold Target of Unusually High Options Trading (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD saw some unusual options trading activity on Friday. Stock traders acquired 4,495 call options on the stock. This represents an increase of approximately 269% compared to the average daily volume of 1,217 call options.

Hedge Funds Weigh In On Eldorado Gold

Large investors have recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd raised its stake in shares of Eldorado Gold by 648.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock valued at $39,408,000 after acquiring an additional 2,296,018 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. Carrhae Capital LLP increased its holdings in shares of Eldorado Gold by 13.9% during the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock valued at $89,826,000 after acquiring an additional 738,233 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Eldorado Gold during the fourth quarter worth approximately $6,973,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Eldorado Gold by 231.7% in the 4th quarter. BNP Paribas Financial Markets now owns 550,876 shares of the basic materials company's stock worth $8,192,000 after purchasing an additional 384,793 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

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Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded down $0.07 during trading on Tuesday, hitting $19.34. 1,542,329 shares of the stock were exchanged, compared to its average volume of 1,554,458. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $15.41 and a 200-day moving average price of $15.89. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 13.81 and a beta of 0.81. Eldorado Gold has a 1-year low of $13.29 and a 1-year high of $19.74.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share 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 company had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. As a group, equities analysts predict that Eldorado Gold will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EGO shares. Royal Bank of Canada boosted their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Scotiabank raised their target price on shares of 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 upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.38.

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.