Allspring Global Investments Holdings LLC Raises Stock Holdings in Eldorado Gold Corporation (NYSE:EGO)

Allspring Global Investments Holdings LLC boosted its holdings in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,300 shares of the basic materials company's stock after purchasing an additional 25,000 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.12% of Eldorado Gold worth $4,242,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC grew its position in shares of Eldorado Gold by 335.3% during the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 1,945 shares during the period. TD Waterhouse Canada Inc. grew 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 valued at $48,000 after buying an additional 682 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Eldorado Gold in the 4th quarter valued at about $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Eldorado Gold in the fourth quarter worth about $113,000. Finally, Tradition Wealth Management LLC acquired a new stake in shares of Eldorado Gold in the 4th quarter worth about $153,000. Institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EGO shares. Canaccord Genuity Group decreased their target price on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Scotiabank upped 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. Wall Street Zen raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, June 6th. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, June 24th. Finally, National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Eldorado Gold Trading Down 0.0%

Shares of EGO traded down $0.01 during trading hours on Wednesday, hitting $19.84. 563,094 shares of the stock were exchanged, compared to its average volume of 1,685,688. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 2.53. The firm has a market capitalization of $4.07 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.36 and a beta of 0.46. The business has a 50-day moving average of $20.05 and a 200-day moving average of $17.28. Eldorado Gold Corporation has a fifty-two week low of $13.29 and a fifty-two week high of $21.79.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). Eldorado Gold had a return on equity of 8.41% and a net margin of 23.10%. The business had revenue of $341.59 million for the quarter, compared to analysts' expectations of $319.83 million. On average, research analysts expect that Eldorado Gold Corporation 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.