Eldorado Gold Co. (NYSE:EGO) Shares Sold by Versor Investments LP

Versor Investments LP cut its stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 47.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,714 shares of the basic materials company's stock after selling 28,300 shares during the quarter. Versor Investments LP's holdings in Eldorado Gold were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EGO. Blue Trust Inc. raised its stake in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after purchasing an additional 1,336 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Eldorado Gold in the third quarter worth about $394,000. Tacita Capital Inc purchased a new position in Eldorado Gold in the third quarter valued at about $467,000. Banque Cantonale Vaudoise acquired a new stake in Eldorado Gold during the 3rd quarter valued at approximately $36,000. Finally, Jennison Associates LLC increased its holdings in Eldorado Gold by 65.0% during the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock worth $104,777,000 after purchasing an additional 2,376,241 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EGO. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Scotiabank dropped their price target on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eldorado Gold currently has an average rating of "Moderate Buy" and an average price target of $20.00.

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Eldorado Gold Stock Performance

Shares of NYSE:EGO traded up $0.54 during trading hours on Wednesday, hitting $14.36. The stock had a trading volume of 1,187,938 shares, compared to its average volume of 1,418,578. The stock's fifty day simple moving average is $14.81 and its 200 day simple moving average is $16.14. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.25 and a beta of 0.93. 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 1-year low of $11.93 and a 1-year high of $19.06.

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, beating the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The firm had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. Sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share 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.