Eldorado Gold Co. (NYSE:EGO) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,484 shares of the basic materials company’s stock after selling 4,052 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Eldorado Gold were worth $1,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC increased its holdings in shares of Eldorado Gold by 65.0% in the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock valued at $104,777,000 after purchasing an additional 2,376,241 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Eldorado Gold in the 2nd quarter worth $6,992,000. Jessup Wealth Management Inc purchased a new position in shares of Eldorado Gold during the 2nd quarter worth $6,910,000. Millennium Management LLC raised its holdings in shares of Eldorado Gold by 230.6% during the 2nd quarter. Millennium Management LLC now owns 188,529 shares of the basic materials company’s stock worth $2,788,000 after acquiring an additional 332,913 shares during the period. Finally, Equinox Partners Investment Management LLC boosted its position in shares of Eldorado Gold by 32.0% during the 3rd 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 last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EGO shares. StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities reduced their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Scotiabank upped 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. Finally, Royal Bank of Canada raised their target price on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Eldorado Gold currently has a consensus rating of “Hold” and an average target price of $20.88.

Eldorado Gold Stock Up 0.8 %

Eldorado Gold stock opened at $16.00 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. The firm has a 50 day moving average price of $17.02 and a 200 day moving average price of $16.49. Eldorado Gold Co. has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The company has a market capitalization of $3.28 billion, a PE ratio of 11.94 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data 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. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The business had revenue of $331.76 million during the quarter. During the same period in the previous year, the firm posted $0.17 earnings per share. Research analysts expect that Eldorado Gold Co. will post 1.41 earnings per share for the current year.

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.