International Assets Investment Management LLC Acquires New Stake in Eldorado Gold Co. (NYSE:EGO)

International Assets Investment Management LLC acquired a new stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,175 shares of the basic materials company’s stock, valued at approximately $1,970,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Eldorado Gold in the 2nd quarter valued at $88,000. Atria Wealth Solutions Inc. acquired a new position in Eldorado Gold during the 3rd quarter worth $89,000. Prelude Capital Management LLC acquired a new position in Eldorado Gold during the 2nd quarter worth $78,000. LPL Financial LLC grew its stake in Eldorado Gold by 19.5% during the 2nd quarter. LPL Financial LLC now owns 12,286 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 2,008 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in Eldorado Gold by 10.2% during the 3rd quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EGO shares. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. TD Securities lowered their target price on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Monday, February 26th. CIBC boosted their target price on Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and a consensus target price of $13.30.

Eldorado Gold Stock Up 0.9 %

Shares of NYSE EGO opened at $15.04 on Friday. The stock has a market cap of $3.07 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 6.31 and a beta of 1.10. The company has a quick ratio of 2.53, a current ratio of 3.39 and a debt-to-equity ratio of 0.18. Eldorado Gold Co. has a 52-week low of $8.30 and a 52-week high of $16.01. The business has a 50-day moving average price of $12.95 and a 200 day moving average price of $12.11.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $306.90 million during the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. Equities research analysts forecast that Eldorado Gold Co. will post 0.77 earnings per share for the current 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.