Edmond DE Rothschild Holding S.A. Has $1.30 Million Stock Position in Eldorado Gold Co. (NYSE:EGO)

Edmond DE Rothschild Holding S.A. trimmed its holdings in shares of Eldorado Gold Co. (NYSE:EGOFree Report) (TSE:ELD) by 28.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,000 shares of the basic materials company’s stock after selling 40,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Eldorado Gold were worth $1,298,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in Eldorado Gold in the 4th quarter valued at about $35,000. Tobam bought a new position in Eldorado Gold in the 4th quarter valued at about $68,000. Atria Wealth Solutions Inc. bought a new position in Eldorado Gold in the 3rd quarter valued at about $89,000. Aigen Investment Management LP bought a new position in Eldorado Gold in the 4th quarter valued at about $134,000. Finally, Sapient Capital LLC bought a new position in Eldorado Gold in the 4th quarter valued at about $151,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Trading Up 2.3 %

Eldorado Gold stock traded up $0.37 during mid-day trading on Wednesday, hitting $16.25. The company’s stock had a trading volume of 421,020 shares, compared to its average volume of 1,602,082. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.50 and a quick ratio of 2.52. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 0.28 and a beta of 1.12. The business has a 50 day moving average price of $14.87 and a 200-day moving average price of $13.10. Eldorado Gold Co. has a 12 month low of $8.30 and a 12 month high of $16.69.

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) last issued its quarterly earnings data on Friday, April 26th. The basic materials company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The firm had revenue of $257.97 million during the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. During the same period last year, the company posted $0.11 earnings per share. As a group, analysts forecast that Eldorado Gold Co. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Royal Bank of Canada upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $20.00 in a research note on Wednesday. TD Securities decreased their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Finally, Scotiabank lifted their price objective on shares of Eldorado Gold from $15.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.83.

Read Our Latest Stock Analysis on Eldorado Gold

About Eldorado Gold

(Free Report)

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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Institutional Ownership by Quarter for Eldorado Gold (NYSE:EGO)

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