Van ECK Associates Corp lessened its stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,783,654 shares of the basic materials company's stock after selling 801,634 shares during the period. Van ECK Associates Corp owned 8.68% of Eldorado Gold worth $264,442,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the business. Jennison Associates LLC lifted its holdings in shares of Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after acquiring an additional 1,058,137 shares during the last quarter. Equinox Partners Investment Management LLC lifted its holdings in shares of Eldorado Gold by 32.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock valued at $17,185,000 after acquiring an additional 239,800 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Eldorado Gold by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock valued at $15,783,000 after acquiring an additional 15,652 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Eldorado Gold by 22.9% in the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock valued at $11,089,000 after acquiring an additional 118,760 shares during the last quarter. Finally, U S Global Investors Inc. lifted its holdings in shares of Eldorado Gold by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company's stock valued at $4,812,000 after acquiring an additional 15,351 shares during the last quarter. Institutional investors own 69.58% of the company's stock.
Eldorado Gold Stock Performance
Shares of EGO traded down $0.87 during trading hours on Friday, reaching $13.98. 2,277,635 shares of the company traded hands, compared to its average volume of 1,906,451. The stock has a market capitalization of $2.86 billion, a P/E ratio of 10.43 and a beta of 0.93. 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 Co. has a 12-month low of $9.72 and a 12-month high of $19.06. The business has a fifty day moving average price of $15.25 and a 200-day moving average price of $16.36.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Scotiabank lowered their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a report on Friday, February 7th. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, TD Securities dropped their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.00.
View Our Latest Analysis 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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