Eldorado Gold Corporation (NYSE:EGO) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. cut its stake in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 24.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,359 shares of the basic materials company's stock after selling 66,837 shares during the period. U S Global Investors Inc. owned approximately 0.10% of Eldorado Gold worth $3,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in EGO. Continuum Advisory LLC grew its position in shares of Eldorado Gold by 335.3% in the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 1,945 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 682 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $113,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $153,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Trading Down 3.5%

NYSE:EGO traded down $0.72 during trading hours on Friday, reaching $19.88. 2,280,427 shares of the stock were exchanged, compared to its average volume of 1,685,069. The company has a quick ratio of 2.53, a current ratio of 3.12 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $19.87 and a two-hundred day moving average of $17.04. Eldorado Gold Corporation has a twelve month low of $13.29 and a twelve month high of $21.79. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.34 and a beta of 0.47.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings results 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 8.41% and a net margin of 23.10%. The firm had revenue of $341.59 million for the quarter, compared to analyst estimates of $319.83 million. On average, equities analysts predict that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

EGO has been the topic of a number of recent analyst reports. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Canaccord Genuity Group decreased their price objective on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Wall Street Zen upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Royal Bank Of Canada upped their price objective on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Eldorado Gold has a consensus rating of "Moderate Buy" and an average target price of $21.70.

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.