U S Global Investors Inc. Sells 6,823 Shares of Eldorado Gold Co. (NYSE:EGO)

U S Global Investors Inc. reduced its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,196 shares of the basic materials company’s stock after selling 6,823 shares during the quarter. U S Global Investors Inc.’s holdings in Eldorado Gold were worth $4,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its holdings in shares of Eldorado Gold by 0.3% in the 4th quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock valued at $3,737,000 after purchasing an additional 804 shares during the period. Blue Trust Inc. boosted its stake in shares of Eldorado Gold by 232.8% during the 3rd 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 during the 3rd quarter worth approximately $36,000. Atria Wealth Solutions Inc. raised its stake in Eldorado Gold by 16.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock valued at $297,000 after acquiring an additional 2,775 shares during the period. Finally, Versor Investments LP lifted its holdings in Eldorado Gold by 7.0% during the 3rd quarter. Versor Investments LP now owns 60,014 shares of the basic materials company’s stock valued at $1,043,000 after purchasing an additional 3,900 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on EGO. TD Securities decreased their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday. Finally, Scotiabank decreased their target price on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Eldorado Gold Stock Performance

NYSE:EGO opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a fifty-two week low of $10.03 and a fifty-two week high of $19.06. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 9.78 and a beta of 0.93. The stock has a fifty day moving average price of $14.89 and a 200-day moving average price of $16.22.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

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 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.