Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Sells 18,100 Shares of Eldorado Gold Corporation (NYSE:EGO)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lowered its stake in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 53.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,800 shares of the basic materials company's stock after selling 18,100 shares during the period. Eldorado Gold makes up approximately 1.1% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 15th biggest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in Eldorado Gold were worth $266,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EGO. Continuum Advisory LLC lifted its holdings in shares of 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. TD Waterhouse Canada Inc. lifted its stake in 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 worth $48,000 after purchasing an additional 682 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Eldorado Gold by 142.6% in the first quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company's stock worth $151,000 after purchasing an additional 5,294 shares during the last quarter. Tradition Wealth Management LLC purchased a new position in shares of Eldorado Gold during the fourth quarter valued at approximately $153,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Eldorado Gold during the first quarter valued at approximately $186,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Price Performance

Shares of EGO stock opened at $21.03 on Friday. Eldorado Gold Corporation has a twelve month low of $13.29 and a twelve month high of $21.82. The company has a current ratio of 3.12, a quick ratio of 2.53 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $20.61 and a two-hundred day simple moving average of $17.90. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.34 and a beta of 0.37.

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 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.90%. The firm had revenue of $459.53 million during the quarter, compared to the consensus estimate of $401.85 million. On average, analysts predict that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. CIBC reissued an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Royal Bank Of Canada increased their target price on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Canaccord Genuity Group lowered their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $23.60.

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.

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