Credit Agricole S A Has $2.18 Million Stock Position in Eldorado Gold Corporation $EGO

Key Points

• Credit Agricole S A increased its stake in Eldorado Gold Corporation by 118.9%, owning approximately 129,850 shares worth $2.18 million as of the latest SEC filing.
• Multiple institutional investors, including D.A. Davidson & CO. and Allspring Global Investments, also boosted their positions in Eldorado Gold during the first quarter, reflecting a growing interest in the company's stock.
• Eldorado Gold's quarterly earnings report revealed an EPS of $0.44, missing analyst expectations, though the company's revenue was higher at $459.53 million.

Credit Agricole S A raised its holdings in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 118.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,850 shares of the basic materials company's stock after purchasing an additional 70,518 shares during the quarter. Credit Agricole S A owned 0.06% of Eldorado Gold worth $2,184,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its holdings in Eldorado Gold by 335.3% during the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after acquiring an additional 1,945 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of 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 in the last quarter. SBI Securities Co. Ltd. grew its position in Eldorado Gold by 142.6% during the first quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company's stock valued at $151,000 after acquiring an additional 5,294 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Eldorado Gold during the first quarter valued at approximately $186,000. Finally, XTX Topco Ltd bought a new position in shares of Eldorado Gold in the first quarter worth approximately $207,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Trading Down 0.7%

Shares of Eldorado Gold stock traded down $0.18 during trading on Thursday, reaching $24.11. 916,725 shares of the company were exchanged, compared to its average volume of 1,909,681. Eldorado Gold Corporation has a twelve month low of $13.29 and a twelve month high of $24.34. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.39 and a beta of 0.37. The company has a quick ratio of 2.65, a current ratio of 3.23 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $21.37 and a 200-day moving average price of $18.89.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The company had revenue of $459.53 million during 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%. Sell-side analysts anticipate that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

EGO has been the topic of several recent analyst reports. Wall Street Zen cut shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Canaccord Genuity Group lowered 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. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, July 16th. CIBC restated an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Eldorado Gold in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Eldorado Gold presently has a consensus rating of "Moderate Buy" and an average target price of $23.60.

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.