Credit Agricole S A Buys 70,518 Shares of 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 Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 118.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,850 shares of the basic materials company's stock after acquiring an additional 70,518 shares during the period. Credit Agricole S A owned about 0.06% of Eldorado Gold worth $2,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd grew its holdings in shares of Eldorado Gold by 43.5% during the first quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company's stock worth $63,970,000 after purchasing an additional 1,152,909 shares during the last quarter. Ruffer LLP bought a new stake in shares of Eldorado Gold during the first quarter worth about $16,687,000. Carrhae Capital LLP grew its holdings in shares of Eldorado Gold by 10.7% during the first quarter. Carrhae Capital LLP now owns 6,689,304 shares of the basic materials company's stock worth $112,514,000 after purchasing an additional 648,574 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Eldorado Gold in the fourth quarter worth approximately $6,973,000. Finally, Deutsche Bank AG lifted its stake in shares of Eldorado Gold by 85.2% in the first quarter. Deutsche Bank AG now owns 870,357 shares of the basic materials company's stock worth $14,639,000 after acquiring an additional 400,477 shares during the period. Institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

EGO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Scotiabank reaffirmed a "sector perform" rating on shares of Eldorado Gold in a research note on Monday, August 11th. Canaccord Genuity Group cut their price objective on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. Finally, CIBC reaffirmed an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.60.

Eldorado Gold Stock Up 2.5%

Shares of NYSE EGO traded up $0.59 during midday trading on Friday, hitting $24.66. 310,366 shares of the stock traded hands, compared to its average volume of 1,901,452. The company has a market cap of $5.01 billion, a PE ratio of 12.40, a P/E/G ratio of 0.39 and a beta of 0.37. Eldorado Gold Corporation has a one year low of $13.29 and a one year high of $24.64. The business has a 50 day moving average price of $21.43 and a two-hundred day moving average price of $18.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23.

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 EPS 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 the consensus estimate of $401.85 million. Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. On average, equities analysts predict that Eldorado Gold Corporation will post 1.5 EPS for the current 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.