Cetera Investment Advisers Sells 20,411 Shares of Eldorado Gold Corporation $EGO

Cetera Investment Advisers trimmed its stake in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 28.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,534 shares of the basic materials company's stock after selling 20,411 shares during the period. Cetera Investment Advisers' holdings in Eldorado Gold were worth $884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC increased its stake in Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock valued at $42,000 after buying an additional 1,945 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in Eldorado Gold by 26.5% in 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. increased its stake in Eldorado Gold by 142.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company's stock valued at $151,000 after buying an additional 5,294 shares during the last quarter. Tradition Wealth Management LLC acquired a new stake in Eldorado Gold in the 4th quarter valued at $153,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Eldorado Gold in the 1st quarter valued at $186,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Wall Street Zen cut Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Scotiabank reissued a "sector perform" rating on shares of Eldorado Gold in a research report on Monday, August 11th. Canaccord Genuity Group reduced their price target on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Finally, CIBC restated an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Four 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.60.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded down $0.14 during trading on Monday, hitting $22.70. 213,707 shares of the stock were exchanged, compared to its average volume of 1,944,854. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.36 and a beta of 0.37. The company has a fifty day moving average price of $21.03 and a 200-day moving average price of $18.48. Eldorado Gold Corporation has a 1-year low of $13.29 and a 1-year high of $23.58. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.07). The firm had revenue of $459.53 million for the quarter, compared to analyst estimates of $401.85 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%. As a group, equities analysts predict that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.

Eldorado Gold Company 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.