Edmond DE Rothschild Holding S.A. Raises Holdings in Eldorado Gold Corporation $EGO

Edmond DE Rothschild Holding S.A. boosted its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 6.2% during the second quarter, Holdings Channel.com reports. The firm owned 122,399 shares of the basic materials company’s stock after buying an additional 7,104 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Eldorado Gold were worth $2,481,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Eldorado Gold by 8.4% in the second quarter. American Century Companies Inc. now owns 1,146,359 shares of the basic materials company’s stock worth $23,332,000 after purchasing an additional 88,752 shares during the last quarter. AlphaCore Capital LLC bought a new stake in Eldorado Gold in the 2nd quarter worth $345,000. Legal & General Group Plc increased its position in shares of Eldorado Gold by 17.3% in the second quarter. Legal & General Group Plc now owns 538,080 shares of the basic materials company’s stock valued at $10,931,000 after acquiring an additional 79,176 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Eldorado Gold by 1,209.2% during the second quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company’s stock valued at $6,903,000 after acquiring an additional 313,449 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Eldorado Gold during the second quarter valued at about $644,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Up 1.2%

EGO opened at $29.07 on Wednesday. The company has a quick ratio of 2.65, a current ratio of 3.23 and a debt-to-equity ratio of 0.28. Eldorado Gold Corporation has a 52 week low of $13.29 and a 52 week high of $30.89. The stock has a market cap of $5.84 billion, a PE ratio of 14.61, a PEG ratio of 0.29 and a beta of 0.49. The business has a 50 day moving average of $27.68 and a 200-day moving average of $23.80.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.08). The firm had revenue of $436.44 million during the quarter, compared to analysts’ expectations of $422.25 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%. Equities research analysts predict that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EGO shares. CIBC raised their target price on Eldorado Gold from $32.00 to $46.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, October 8th. Wall Street Zen cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and an average price target of $31.00.

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 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.