Trexquant Investment LP increased its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 39.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,594 shares of the basic materials company's stock after buying an additional 76,863 shares during the period. Trexquant Investment LP owned about 0.13% of Eldorado Gold worth $4,053,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in EGO. The Manufacturers Life Insurance Company increased its position in shares of Eldorado Gold by 55.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 264,111 shares of the basic materials company's stock worth $4,592,000 after purchasing an additional 94,676 shares during the last quarter. National Bank of Canada FI increased its holdings in 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 during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Eldorado Gold during the third quarter valued at approximately $2,626,000. Barclays PLC lifted its holdings in Eldorado Gold by 18.6% during the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock worth $3,064,000 after buying an additional 27,667 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Eldorado Gold by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock worth $1,675,000 after acquiring an additional 6,629 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.
Eldorado Gold Stock Performance
Shares of Eldorado Gold stock traded up $0.60 during trading on Thursday, hitting $17.69. 966,122 shares of the stock were exchanged, compared to its average volume of 1,540,737. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $19.06. The stock's fifty day moving average is $15.20 and its 200 day moving average is $15.89. The stock has a market cap of $3.63 billion, a PE ratio of 12.67 and a beta of 0.81.
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 the consensus estimate of $0.49 by $0.13. The firm had revenue of $435.70 million during the quarter, compared to analysts' expectations of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on EGO. Scotiabank reduced their price objective 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. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. 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. Finally, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.75.
Check Out Our Latest Stock Report on EGO
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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