Cibc World Market Inc. trimmed its stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892,633 shares of the basic materials company's stock after selling 46,674 shares during the quarter. Cibc World Market Inc. owned about 0.44% of Eldorado Gold worth $13,272,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of EGO. Financial Management Professionals Inc. bought a new stake in shares of Eldorado Gold during the 3rd quarter worth about $32,000. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 1,336 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Eldorado Gold in the third quarter valued at approximately $36,000. Net Worth Advisory Group bought a new position in shares of Eldorado Gold during the third quarter worth approximately $198,000. Finally, Toronto Dominion Bank lifted its holdings in Eldorado Gold by 84.9% during the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company's stock worth $322,000 after purchasing an additional 8,512 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.
EGO stock opened at $15.23 on Friday. The company has a market cap of $3.12 billion, a PE ratio of 11.36 and a beta of 0.94. 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 Co. has a 52 week low of $9.72 and a 52 week high of $19.06. The business has a 50-day simple moving average of $15.50 and a 200 day simple moving average of $16.48.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same period last year, the company posted $0.17 EPS. Sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.
A number of brokerages have commented on EGO. Scotiabank decreased their price objective on Eldorado Gold from $20.00 to $18.50 and set a "sector perform" rating on the stock in a report on Tuesday, January 21st. StockNews.com lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, TD Securities cut their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold currently has a consensus rating of "Hold" and a consensus price target of $20.50.
Get Our Latest Research Report on 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 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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