Two Sigma Advisers LP Sells 208,300 Shares of Eldorado Gold Co. (NYSE:EGO)

Two Sigma Advisers LP lowered its holdings in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 23.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 671,300 shares of the basic materials company's stock after selling 208,300 shares during the quarter. Two Sigma Advisers LP owned 0.33% of Eldorado Gold worth $11,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Jacobsen Capital Management purchased a new stake in shares of Eldorado Gold in the second quarter valued at $855,000. U S Global Investors Inc. raised its stake in shares of Eldorado Gold by 27.0% in the second quarter. U S Global Investors Inc. now owns 261,668 shares of the basic materials company's stock valued at $4,162,000 after acquiring an additional 55,595 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Eldorado Gold in the second quarter valued at $2,238,000. Jessup Wealth Management Inc purchased a new stake in shares of Eldorado Gold in the second quarter valued at $6,910,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 during the period. Institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EGO. Scotiabank raised their price target on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. StockNews.com downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Royal Bank of Canada raised their price target on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Finally, TD Securities reduced 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Eldorado Gold has an average rating of "Hold" and an average target price of $20.88.

Eldorado Gold Stock Up 0.7 %

NYSE EGO traded up $0.12 during trading on Tuesday, reaching $16.65. 568,805 shares of the company's stock traded hands, compared to its average volume of 1,497,073. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 12.33 and a beta of 0.93. The company's 50 day simple moving average is $16.78 and its two-hundred day simple moving average is $16.53. Eldorado Gold Co. has a 12-month low of $9.72 and a 12-month high of $19.06.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The business had revenue of $331.76 million for the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same period last year, the business posted $0.17 EPS. As a group, sell-side analysts forecast that Eldorado Gold Co. will post 1.41 EPS for the current fiscal year.

Eldorado Gold 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.