Vanguard Group Inc. lifted its holdings in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,881,402 shares of the basic materials company's stock after purchasing an additional 136,594 shares during the period. Vanguard Group Inc. owned 3.85% of Eldorado Gold worth $117,228,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EGO. SBI Securities Co. Ltd. bought a new stake in shares of Eldorado Gold during the 4th quarter worth about $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Eldorado Gold in the 4th quarter worth approximately $113,000. Fox Run Management L.L.C. bought a new stake in Eldorado Gold during the fourth quarter worth approximately $254,000. Toronto Dominion Bank grew its holdings 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 valued at $322,000 after purchasing an additional 8,512 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock valued at $297,000 after purchasing an additional 2,775 shares during the period. 69.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on EGO shares. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank cut 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 note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Eldorado Gold has an average rating of "Moderate Buy" and a consensus target price of $19.75.
Get Our Latest Analysis on Eldorado Gold
Eldorado Gold Trading Up 7.2 %
NYSE:EGO traded up $1.30 during trading hours on Friday, hitting $19.30. 4,223,730 shares of the stock were exchanged, compared to its average volume of 1,553,520. The company's 50 day moving average is $15.33 and its two-hundred day moving average is $15.88. The company has a market capitalization of $3.97 billion, a P/E ratio of 13.79 and a beta of 0.81. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $19.55. 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 results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The business had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.
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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