SG Americas Securities LLC cut its stake in Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,701 shares of the basic materials company’s stock after selling 2,810 shares during the period. SG Americas Securities LLC’s holdings in Eldorado Gold were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of EGO. UBS Group AG grew its holdings in shares of Eldorado Gold by 2.2% during the first quarter. UBS Group AG now owns 60,485 shares of the basic materials company’s stock worth $627,000 after buying an additional 1,322 shares in the last quarter. Credit Suisse AG increased its stake in shares of Eldorado Gold by 0.9% during the fourth quarter. Credit Suisse AG now owns 152,298 shares of the basic materials company’s stock worth $1,273,000 after buying an additional 1,368 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of 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 worth $125,000 after buying an additional 1,400 shares during the period. Great West Life Assurance Co. Can increased its stake in Eldorado Gold by 11.1% in 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 purchasing an additional 1,550 shares during the last quarter. Finally, Two Sigma Securities LLC boosted its holdings in shares of Eldorado Gold by 4.1% in 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 period. 58.23% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
EGO has been the subject of several recent research reports. National Bank Financial raised Eldorado Gold from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.50 target price on shares of Eldorado Gold in a research note on Tuesday, August 8th. TD Securities cut their target price on shares of Eldorado Gold from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, July 31st. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, CSFB dropped their price target on 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 assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.49.
Eldorado Gold Price Performance
Eldorado Gold stock opened at $8.95 on Friday. The business has a 50 day simple moving average of $9.51 and a 200 day simple moving average of $10.14. 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 one year low of $5.28 and a one year high of $12.11. The company has a market capitalization of $1.83 billion, a PE ratio of 111.89, a price-to-earnings-growth ratio of 0.47 and a beta of 1.23.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Eldorado Gold had a return on equity of 1.67% and a net margin of 1.48%. The firm had revenue of $229.86 million during the quarter. On average, sell-side analysts forecast that Eldorado Gold Co. will post 0.37 EPS for the current fiscal year.
Eldorado Gold Company 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 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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