Tacita Capital Inc Sells 1,109 Shares of Eldorado Gold Co. (NYSE:EGO)

Tacita Capital Inc decreased its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 25,731 shares of the basic materials company’s stock after selling 1,109 shares during the period. Tacita Capital Inc’s holdings in Eldorado Gold were worth $382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EGO. Banque Cantonale Vaudoise bought a new stake in shares of Eldorado Gold during the third quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Eldorado Gold during the fourth quarter valued at approximately $55,000. Atria Wealth Solutions Inc. increased its holdings in shares of Eldorado Gold by 16.1% during 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 in the last quarter. Toronto Dominion Bank increased its holdings in shares of Eldorado Gold by 84.9% during the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock valued at $322,000 after acquiring an additional 8,512 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Eldorado Gold during the third quarter valued at approximately $394,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 1.5 %

Shares of Eldorado Gold stock opened at $13.56 on Tuesday. The stock has a fifty day simple moving average of $14.83 and a 200 day simple moving average of $16.16. 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 Co. has a 12-month low of $10.93 and a 12-month high of $19.06. The company has a market capitalization of $2.78 billion, a P/E ratio of 9.69 and a beta of 0.93.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $440.43 million. On average, sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on EGO. TD Securities decreased their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a report on Monday, November 4th. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday. Finally, Scotiabank decreased their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eldorado Gold presently 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.