Alps Advisors Inc. Buys Shares of 14,873 Eldorado Gold Corporation (NYSE:EGO)

Alps Advisors Inc. bought a new position in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,873 shares of the basic materials company's stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EGO. D.A. Davidson & CO. bought a new position in shares of Eldorado Gold during the 1st quarter valued at approximately $374,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Eldorado Gold by 11.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company's stock valued at $4,242,000 after purchasing an additional 25,000 shares during the last quarter. Swiss National Bank boosted its position in Eldorado Gold by 0.6% during 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. Alliancebernstein L.P. increased its stake in shares of Eldorado Gold by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock worth $496,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Eldorado Gold in the 4th quarter worth about $287,000. 69.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. CIBC reissued an "outperform" rating on shares of Eldorado Gold in a report on Tuesday. Scotiabank boosted 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 note on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Royal Bank Of Canada increased their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.60.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $20.15 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.35 and a beta of 0.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 2.53. Eldorado Gold Corporation has a 12 month low of $13.29 and a 12 month high of $21.79. The stock's 50-day moving average is $20.18 and its 200-day moving average is $17.52.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its 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). The business had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million. Eldorado Gold had a net margin of 23.10% and a return on equity of 8.41%. Equities analysts anticipate that Eldorado Gold Corporation will post 1.5 earnings per share for the current 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.

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