Royal Bank of Canada decreased its position in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 8.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,779,881 shares of the basic materials company's stock after selling 174,861 shares during the quarter. Royal Bank of Canada owned 0.87% of Eldorado Gold worth $29,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes 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 worth $42,000 after acquiring an additional 1,945 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 worth $151,000 after acquiring an additional 5,294 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Eldorado Gold in the 1st quarter worth approximately $186,000. XTX Topco Ltd bought a new position in shares of Eldorado Gold during the 1st quarter valued at approximately $207,000. Finally, Alps Advisors Inc. bought a new position in shares of Eldorado Gold during the 1st quarter valued at approximately $250,000. Institutional investors own 69.58% of the company's stock.
Eldorado Gold Trading Up 2.6%
EGO traded up $0.71 during trading hours on Thursday, reaching $27.52. 833,955 shares of the company's stock traded hands, compared to its average volume of 1,901,332. Eldorado Gold Corporation has a 52-week low of $13.29 and a 52-week high of $27.71. The firm has a market capitalization of $5.59 billion, a PE ratio of 13.83, a PEG ratio of 0.42 and a beta of 0.44. The firm has a 50-day moving average price of $22.37 and a 200 day moving average price of $19.66. The company has a quick ratio of 2.65, a current ratio of 3.23 and a debt-to-equity ratio of 0.28.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results 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 during the quarter, compared to analysts' expectations of $401.85 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%. As a group, sell-side analysts predict that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on EGO. Scotiabank reissued a "sector perform" rating on shares of Eldorado Gold in a research report on Monday, August 11th. CIBC reissued an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Wall Street Zen downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. One equities research 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.60.
Check Out Our Latest Analysis on Eldorado Gold
Eldorado Gold Company Profile
(
Free Report)
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.
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