Cerity Partners LLC Invests $287,000 in Eldorado Gold Co. (NYSE:EGO)

Cerity Partners LLC bought a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,180 shares of the basic materials company's stock, valued at approximately $287,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Eldorado Gold in the 4th quarter worth $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Eldorado Gold in the 4th quarter worth $113,000. Envestnet Asset Management Inc. acquired a new stake in Eldorado Gold in the 4th quarter worth $183,000. Fox Run Management L.L.C. acquired a new stake in Eldorado Gold in the 4th quarter worth $254,000. Finally, Atria Wealth Solutions Inc. grew its position in 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 worth $297,000 after purchasing an additional 2,775 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EGO. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Royal Bank of Canada lifted 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. Finally, Scotiabank lifted 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. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.38.

Eldorado Gold Price Performance

EGO stock traded down $0.43 during trading on Tuesday, hitting $18.79. 171,951 shares of the stock traded hands, compared to its average volume of 1,567,367. Eldorado Gold Co. has a one year low of $13.29 and a one year high of $20.65. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 13.42 and a beta of 0.81. 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 50 day simple moving average of $16.45 and a 200 day simple moving average of $16.05.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The company had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Equities analysts expect 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.