Versor Investments LP reduced its position in shares of Eldorado Gold Co. (NYSE:EGO – Get Rating) (TSE:ELD) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,025 shares of the basic materials company’s stock after selling 68,900 shares during the period. Versor Investments LP’s holdings in Eldorado Gold were worth $458,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of EGO. Optimum Investment Advisors purchased a new position in shares of Eldorado Gold during the 4th quarter worth about $39,000. New York State Common Retirement Fund lifted its holdings in shares of Eldorado Gold by 76.7% during the 3rd quarter. New York State Common Retirement Fund now owns 8,883 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 3,857 shares during the period. Sargent Bickham Lagudis LLC purchased a new position in Eldorado Gold in the third quarter valued at approximately $64,000. Bayesian Capital Management LP purchased a new position in Eldorado Gold in the third quarter valued at approximately $77,000. Finally, Prelude Capital Management LLC purchased a new position in Eldorado Gold in the second quarter valued at approximately $78,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Eldorado Gold Trading Up 2.9 %
EGO opened at $11.52 on Friday. The firm has a market capitalization of $2.13 billion, a P/E ratio of -6.06, a P/E/G ratio of 0.55 and a beta of 1.24. The firm’s 50 day moving average is $9.68 and its 200-day moving average is $8.29. Eldorado Gold Co. has a 52-week low of $5.06 and a 52-week high of $12.49. The company has a quick ratio of 2.06, a current ratio of 3.00 and a debt-to-equity ratio of 0.15.
Analyst Ratings Changes
Several research firms recently commented on EGO. Bank of America began coverage on shares of Eldorado Gold in a report on Friday, March 10th. They issued an “underperform” rating and a $8.90 price target on the stock. National Bank Financial raised their price target on shares of Eldorado Gold from C$13.50 to C$16.50 in a report on Thursday, April 6th. StockNews.com began coverage on shares of Eldorado Gold in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, TD Securities cut their price target on shares of Eldorado Gold from $11.00 to $10.50 and set a “hold” rating on the stock in a report on Monday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.58.
Eldorado Gold Profile
Eldorado Gold Corp. engages in the mining, development, and exploration of gold. It operates through the following segment: Turkey, Canada, and Greece. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.
Further Reading
- Get a free copy of the StockNews.com research report on Eldorado Gold (EGO)
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