Eldorado Gold Co. (NYSE:EGO) Stake Lowered by U S Global Investors Inc.

U S Global Investors Inc. lowered its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,196 shares of the basic materials company’s stock after selling 6,823 shares during the quarter. U S Global Investors Inc. owned approximately 0.13% of Eldorado Gold worth $4,018,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold during the 3rd quarter valued at $36,000. Atria Wealth Solutions Inc. lifted its stake in shares of Eldorado Gold by 16.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock valued at $297,000 after purchasing an additional 2,775 shares during the last quarter. Toronto Dominion Bank boosted 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 purchasing an additional 8,512 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Eldorado Gold in the third quarter worth $394,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Stock Down 5.3 %

NYSE EGO opened at $13.69 on Friday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 9.78 and a beta of 0.93. Eldorado Gold Co. has a 52 week low of $10.03 and a 52 week high of $19.06. 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 stock has a fifty day moving average of $14.89 and a 200-day moving average of $16.22.

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

Analyst Ratings Changes

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

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.