Eldorado Gold Corporation $EGO Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its holdings in Eldorado Gold Corporation by 21.6%, acquiring an additional 58,760 shares, bringing its total ownership to 331,354 shares valued at $5,573,000.
• Several institutional investors, including Candriam S.C.A. and ANTIPODES PARTNERS Ltd, have also made significant investments in Eldorado Gold, highlighting strong institutional interest with 69.58% of shares held by institutions.
• Eldorado Gold's stock is rated as a "Moderate Buy" with a consensus price target of $23.60, although it recently missed earnings estimates, reporting $0.44 EPS against a consensus of $0.51.

Trexquant Investment LP grew its position in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 21.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 331,354 shares of the basic materials company's stock after buying an additional 58,760 shares during the period. Trexquant Investment LP owned 0.16% of Eldorado Gold worth $5,573,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC boosted 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 valued at $42,000 after buying an additional 1,945 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of 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 valued at $151,000 after buying an additional 5,294 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Eldorado Gold in the 4th quarter valued at about $183,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Eldorado Gold in the 1st quarter valued at about $186,000. Finally, XTX Topco Ltd purchased a new stake in Eldorado Gold in the first quarter valued at about $207,000. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Price Performance

Shares of NYSE:EGO traded up $0.91 during trading on Friday, reaching $26.10. The stock had a trading volume of 1,628,223 shares, compared to its average volume of 1,908,710. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. The business has a fifty day moving average price of $21.88 and a 200-day moving average price of $19.33. The stock has a market cap of $5.30 billion, a PE ratio of 13.11, a PEG ratio of 0.41 and a beta of 0.44. Eldorado Gold Corporation has a 1-year low of $13.29 and a 1-year high of $26.17.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The firm had revenue of $459.53 million during the quarter, compared to analyst estimates of $401.85 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%. On average, equities analysts forecast 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 analyst reports. CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. Wall Street Zen cut Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Eldorado Gold in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.