Eldorado Gold Co. (NYSE:EGO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,093,624 shares of the basic materials company's stock after selling 122,179 shares during the quarter. Bank of Montreal Can owned 0.53% of Eldorado Gold worth $16,245,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EGO. Jennison Associates LLC increased its holdings in Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after buying an additional 1,058,137 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Eldorado Gold by 130.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after purchasing an additional 85,053 shares during the period. SBI Securities Co. Ltd. purchased a new position in Eldorado Gold during the fourth quarter worth approximately $55,000. Barclays PLC increased its position in shares of Eldorado Gold by 18.6% in the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after buying an additional 27,667 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Eldorado Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock valued at $6,000,000 after buying an additional 2,500 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EGO has been the topic of several recent analyst reports. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada lifted their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Scotiabank increased their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average price target of $20.38.

Eldorado Gold Trading Down 1.3 %

Shares of EGO traded down $0.27 during midday trading on Friday, reaching $19.80. The company had a trading volume of 1,836,275 shares, compared to its average volume of 1,560,460. The firm has a 50 day simple moving average of $15.74 and a 200-day simple moving average of $15.96. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.07 billion, a PE ratio of 14.14 and a beta of 0.81. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $20.31.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. Research analysts forecast that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

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.