Eldorado Gold Co. (NYSE:EGO) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc lessened its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 456,996 shares of the basic materials company’s stock after selling 1,882 shares during the quarter. Eldorado Gold makes up approximately 2.9% of Jessup Wealth Management Inc’s holdings, making the stock its 13th biggest holding. Jessup Wealth Management Inc owned about 0.22% of Eldorado Gold worth $6,796,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EGO. Financial Management Professionals Inc. bought a new stake in Eldorado Gold during the third quarter valued at $32,000. Blue Trust Inc. grew its position in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Eldorado Gold during the third quarter worth about $36,000. Toronto Dominion Bank lifted its holdings in Eldorado Gold by 84.9% in the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 8,512 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock valued at $297,000 after acquiring an additional 2,775 shares during the period. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Up 0.0 %

Shares of Eldorado Gold stock opened at $14.45 on Thursday. 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 1-year low of $9.72 and a 1-year high of $19.06. The business’s fifty day moving average price is $15.10 and its two-hundred day moving average price is $16.30. The company has a market capitalization of $2.96 billion, a P/E ratio of 10.78 and a beta of 0.93.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EGO shares. TD Securities dropped their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Scotiabank lowered their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.