BNP Paribas Financial Markets Has $8.19 Million Stock Position in Eldorado Gold Co. (NYSE:EGO)

BNP Paribas Financial Markets raised its stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 231.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 550,876 shares of the basic materials company's stock after purchasing an additional 384,793 shares during the quarter. BNP Paribas Financial Markets owned 0.27% of Eldorado Gold worth $8,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EGO. Barclays PLC lifted its holdings in Eldorado Gold by 18.6% during the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock worth $3,064,000 after buying an additional 27,667 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Eldorado Gold by 130.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after buying an additional 85,053 shares in the last quarter. Perpetual Ltd acquired a new position in Eldorado Gold during the 4th quarter worth $425,000. Jennison Associates LLC lifted its holdings in Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after buying an additional 1,058,137 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Eldorado Gold by 12.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,300 shares of the basic materials company's stock valued at $3,376,000 after acquiring an additional 25,300 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on EGO shares. Royal Bank of Canada upped their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Canaccord Genuity Group dropped their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Scotiabank upped their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.70.

Eldorado Gold Price Performance

EGO opened at $19.66 on Monday. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $20.65. The company has a fifty day simple moving average of $17.40 and a 200 day simple moving average of $16.12. The stock has a market cap of $4.04 billion, a P/E ratio of 14.04 and a beta of 0.42.

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

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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