Philadelphia Trust Co. Has $951,000 Stock Position in Eldorado Gold Co. (NYSE:EGO)

Philadelphia Trust Co. lessened its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 12.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 63,964 shares of the basic materials company’s stock after selling 9,123 shares during the quarter. Philadelphia Trust Co.’s holdings in Eldorado Gold were worth $951,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd grew its position in shares of Eldorado Gold by 648.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company’s stock worth $39,408,000 after buying an additional 2,296,018 shares during the period. Jennison Associates LLC increased its holdings in Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock worth $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. Carrhae Capital LLP increased its holdings in Eldorado Gold by 13.9% during the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock worth $89,826,000 after purchasing an additional 738,233 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Eldorado Gold in the fourth quarter worth approximately $6,973,000. Finally, Heartland Advisors Inc. bought a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $4,709,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Up 7.2 %

Eldorado Gold stock opened at $19.30 on Friday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 13.79 and a beta of 0.81. The firm has a 50 day simple moving average of $15.33 and a 200 day simple moving average of $15.90. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $19.55. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on EGO shares. Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Thursday. Scotiabank cut their price objective 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. Finally, National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

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.