Coldstream Capital Management Inc. Invests $302,000 in Eldorado Gold Co. (NYSE:EGO)

Coldstream Capital Management Inc. acquired a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,296 shares of the basic materials company's stock, valued at approximately $302,000.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Canaccord Genuity Group cut their price objective on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday. Royal Bank of Canada upped their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank boosted their price objective 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. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Eldorado Gold Stock Up 4.0 %

Shares of NYSE EGO traded up $0.74 during midday trading on Monday, hitting $19.04. 1,480,038 shares of the stock traded hands, compared to its average volume of 1,604,347. The company has a market cap of $3.91 billion, a PE ratio of 13.60 and a beta of 0.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a one year low of $13.29 and a one year high of $20.65. The business has a 50 day moving average price of $16.81 and a two-hundred day moving average price of $16.07.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data 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 net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $341.59 million for the quarter, compared to analysts' expectations of $319.83 million. On average, equities analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current year.

About Eldorado Gold

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.