Axa S.A. Has $3.69 Million Position in Eldorado Gold Co. (NYSE:EGO)

Axa S.A. increased its stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 243.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,921 shares of the basic materials company's stock after purchasing an additional 175,689 shares during the quarter. Axa S.A. owned approximately 0.12% of Eldorado Gold worth $3,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. lifted its stake in shares of Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 682 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Eldorado Gold in the fourth quarter valued at about $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Eldorado Gold during the fourth quarter valued at about $113,000. Tradition Wealth Management LLC bought a new stake in shares of Eldorado Gold during the fourth quarter worth about $153,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $183,000. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at $19.97 on Thursday. The business has a 50-day moving average price of $17.16 and a two-hundred day moving average price of $16.13. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $20.65. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.10 billion, a P/E ratio of 14.27 and a beta of 0.42.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, May 1st. The basic materials company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $341.59 million for the quarter, compared to analyst estimates of $319.83 million. As a group, analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EGO shares. Royal Bank of Canada lifted their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Canaccord Genuity Group reduced their price objective on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Finally, Scotiabank raised their price objective on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

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.

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