Two Sigma Investments LP Sells 298,072 Shares of Eldorado Gold Co. (NYSE:EGO)

Two Sigma Investments LP decreased its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 69.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,294 shares of the basic materials company's stock after selling 298,072 shares during the quarter. Two Sigma Investments LP owned 0.06% of Eldorado Gold worth $1,923,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mudita Advisors LLP raised its stake in shares of Eldorado Gold by 197.9% during the 4th quarter. Mudita Advisors LLP now owns 335,400 shares of the basic materials company's stock worth $4,987,000 after buying an additional 222,800 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Eldorado Gold by 7.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 453,416 shares of the basic materials company's stock worth $6,742,000 after purchasing an additional 32,892 shares during the period. Deutsche Bank AG grew its holdings in shares of Eldorado Gold by 17.6% during the 4th quarter. Deutsche Bank AG now owns 469,880 shares of the basic materials company's stock worth $6,987,000 after purchasing an additional 70,478 shares during the period. BNP Paribas Financial Markets lifted its position in Eldorado Gold by 231.7% during the 4th quarter. BNP Paribas Financial Markets now owns 550,876 shares of the basic materials company's stock worth $8,192,000 after acquiring an additional 384,793 shares in the last quarter. Finally, AXA S.A. raised its position in shares of Eldorado Gold by 243.2% in the 4th quarter. AXA S.A. now owns 247,921 shares of the basic materials company's stock valued at $3,687,000 after purchasing an additional 175,689 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on EGO. Canaccord Genuity Group lowered their price objective on 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 lowered Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. Royal Bank of Canada increased 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, Scotiabank lifted their price target on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.70.

Eldorado Gold Stock Performance

EGO stock remained flat at $20.94 during trading on Wednesday. The company had a trading volume of 1,647,623 shares, compared to its average volume of 1,650,477. The firm's fifty day moving average is $18.73 and its two-hundred day moving average is $16.45. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $4.30 billion, a P/E ratio of 14.96 and a beta of 0.42. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $21.74.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings data 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). The business had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, analysts expect that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

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.