TD Asset Management Inc Acquires 14,180 Shares of Eldorado Gold Corporation (NYSE:EGO)

TD Asset Management Inc grew its holdings in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 578,577 shares of the basic materials company's stock after buying an additional 14,180 shares during the quarter. TD Asset Management Inc owned 0.28% of Eldorado Gold worth $9,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its stake in shares of Eldorado Gold by 335.3% during 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. lifted its stake in shares of Eldorado Gold by 26.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after buying an additional 682 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of 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 worth $151,000 after buying an additional 5,294 shares during the period. Tradition Wealth Management LLC purchased a new position in shares of Eldorado Gold during the fourth quarter worth $153,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Eldorado Gold during the fourth quarter worth $183,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Price Performance

Eldorado Gold stock traded up $0.66 during midday trading on Monday, hitting $21.66. The company's stock had a trading volume of 430,336 shares, compared to its average volume of 1,961,026. 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 stock's 50-day moving average price is $20.61 and its 200-day moving average price is $17.95. Eldorado Gold Corporation has a 12 month low of $13.29 and a 12 month high of $21.86. The company has a market capitalization of $4.40 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.35 and a beta of 0.37.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results 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 during 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%. Analysts anticipate that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EGO has been the subject of a number of research reports. CIBC reissued an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Canaccord Genuity Group reduced their price target on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Scotiabank increased their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average 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.