JPMorgan Chase & Co. decreased its holdings in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 36.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,099 shares of the basic materials company's stock after selling 54,008 shares during the quarter. JPMorgan Chase & Co.'s holdings in Eldorado Gold were worth $1,429,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in shares of Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after acquiring an additional 1,058,137 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Eldorado Gold during the 4th quarter valued at about $55,000. Barclays PLC raised its stake in shares of Eldorado Gold by 18.6% during the 3rd 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 during the last quarter. Swiss National Bank lifted its holdings in shares of Eldorado Gold by 0.6% in 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 during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Eldorado Gold by 7.4% in the third quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock worth $1,675,000 after buying an additional 6,629 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Eldorado Gold Price Performance
Eldorado Gold stock traded down $0.94 during midday trading on Thursday, reaching $17.90. The company had a trading volume of 810,460 shares, compared to its average volume of 1,577,706. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. Eldorado Gold Co. has a 12-month low of $13.29 and a 12-month high of $20.65. The company has a market capitalization of $3.68 billion, a P/E ratio of 12.79 and a beta of 0.81. The firm's fifty day simple moving average is $16.63 and its 200-day simple moving average is $16.09.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released 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. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. As a group, equities analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on EGO. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Scotiabank raised their price target 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. Royal Bank of Canada upped their price objective 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. Finally, StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned 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 $20.38.
Get Our Latest Stock Analysis on EGO
About Eldorado Gold
(
Free Report)
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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