Two Sigma Advisers LP Sells 275,200 Shares of Eldorado Gold Co. (NYSE:EGO)

Two Sigma Advisers LP cut its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 41.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 396,100 shares of the basic materials company's stock after selling 275,200 shares during the period. Two Sigma Advisers LP owned about 0.19% of Eldorado Gold worth $5,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Mudita Advisors LLP raised its holdings in shares of Eldorado Gold by 197.9% in the 4th quarter. Mudita Advisors LLP now owns 335,400 shares of the basic materials company's stock worth $4,987,000 after buying an additional 222,800 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Eldorado Gold by 7.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 453,416 shares of the basic materials company's stock valued at $6,742,000 after purchasing an additional 32,892 shares in the last quarter. Deutsche Bank AG increased its holdings in Eldorado Gold by 17.6% during the 4th quarter. Deutsche Bank AG now owns 469,880 shares of the basic materials company's stock valued at $6,987,000 after purchasing an additional 70,478 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Eldorado Gold by 231.7% during the 4th quarter. BNP Paribas Financial Markets now owns 550,876 shares of the basic materials company's stock valued at $8,192,000 after purchasing an additional 384,793 shares in the last quarter. Finally, AXA S.A. increased its holdings in Eldorado Gold by 243.2% during the 4th quarter. AXA S.A. now owns 247,921 shares of the basic materials company's stock valued at $3,687,000 after purchasing an additional 175,689 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Trading Up 1.3%

Shares of Eldorado Gold stock traded up $0.26 during trading on Wednesday, reaching $20.08. 826,171 shares of the company were exchanged, compared to its average volume of 1,636,876. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $20.65. The business has a 50-day moving average price of $18.30 and a 200-day moving average price of $16.28. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 14.34 and a beta of 0.42.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The company had revenue of $341.59 million for the quarter, compared to analyst estimates of $319.83 million. Sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

EGO has been the subject of a number of recent analyst reports. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank lifted their target price on 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 note on Wednesday, April 23rd. Canaccord Genuity Group lowered their target price on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Finally, Wall Street Zen cut Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

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.