SG Americas Securities LLC decreased its holdings in Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,701 shares of the basic materials company’s stock after selling 2,810 shares during the quarter. SG Americas Securities LLC’s holdings in Eldorado Gold were worth $492,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. UBS Group AG grew its stake in shares of Eldorado Gold by 2.2% in the first quarter. UBS Group AG now owns 60,485 shares of the basic materials company’s stock worth $627,000 after purchasing an additional 1,322 shares during the last quarter. Credit Suisse AG grew its stake in shares of Eldorado Gold by 0.9% in the fourth quarter. Credit Suisse AG now owns 152,298 shares of the basic materials company’s stock worth $1,273,000 after purchasing an additional 1,368 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Eldorado Gold by 10.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,961 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 1,400 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Eldorado Gold by 11.1% during the first quarter. Great West Life Assurance Co. Can now owns 15,571 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Two Sigma Securities LLC boosted its position in Eldorado Gold by 4.1% during the first quarter. Two Sigma Securities LLC now owns 43,822 shares of the basic materials company’s stock valued at $454,000 after acquiring an additional 1,745 shares during the last quarter. Institutional investors own 58.23% of the company’s stock.
Eldorado Gold Trading Down 0.4 %
EGO opened at $8.95 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.75 and a quick ratio of 2.67. Eldorado Gold Co. has a fifty-two week low of $5.28 and a fifty-two week high of $12.11. The firm has a market capitalization of $1.83 billion, a PE ratio of 111.89, a P/E/G ratio of 0.47 and a beta of 1.23. The company’s 50-day moving average is $9.51 and its 200 day moving average is $10.14.
Analyst Upgrades and Downgrades
EGO has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.50 price target on shares of Eldorado Gold in a research report on Tuesday, August 8th. National Bank Financial raised shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 7th. TD Securities cut their price target on shares of Eldorado Gold from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, July 31st. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Finally, CSFB cut their price target on shares of Eldorado Gold from $10.75 to $9.00 and set an “underperform” rating on the stock in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.49.
About Eldorado Gold
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 gold mines located in western Turkey; Lamaque gold mines 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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