Swiss National Bank Has $6.98 Million Stock Position in Eldorado Gold Co. (NYSE:EGO)

Swiss National Bank lowered its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 0.2% in the third quarter, Holdings Channel.com reports. The fund owned 401,120 shares of the basic materials company’s stock after selling 900 shares during the period. Swiss National Bank’s holdings in Eldorado Gold were worth $6,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in Eldorado Gold by 130.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company’s stock worth $890,000 after purchasing an additional 35,820 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Eldorado Gold during the 2nd quarter worth about $2,238,000. Maverick Capital Ltd. acquired a new stake in shares of Eldorado Gold during the 2nd quarter valued at about $1,256,000. Equinox Partners Investment Management LLC increased its stake in Eldorado Gold by 32.0% in the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock valued at $17,185,000 after acquiring an additional 239,800 shares during the period. Finally, Cetera Investment Advisers raised its position in Eldorado Gold by 61.0% in the second quarter. Cetera Investment Advisers now owns 73,864 shares of the basic materials company’s stock worth $1,092,000 after purchasing an additional 27,991 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EGO has been the topic of a number of recent research reports. Scotiabank lifted their price objective on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. TD Securities decreased their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. StockNews.com cut Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.88.

Eldorado Gold Trading Up 0.1 %

EGO stock opened at $15.70 on Wednesday. The business has a fifty day moving average price of $17.11 and a 200 day moving average price of $16.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. Eldorado Gold Co. has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 11.72 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter last year, the business posted $0.17 earnings per share. Analysts expect that Eldorado Gold Co. will post 1.41 EPS for the current fiscal year.

Eldorado Gold 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.