XTX Topco Ltd Makes New Investment in Eldorado Gold Corporation (NYSE:EGO)

XTX Topco Ltd bought a new position in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,287 shares of the basic materials company's stock, valued at approximately $207,000.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Eldorado Gold by 100.6% during the fourth quarter. LPL Financial LLC now owns 22,506 shares of the basic materials company's stock worth $335,000 after buying an additional 11,285 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Eldorado Gold by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock worth $496,000 after buying an additional 1,500 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Eldorado Gold by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 99,562 shares of the basic materials company's stock worth $1,496,000 after buying an additional 3,651 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Eldorado Gold during the fourth quarter worth approximately $183,000. Finally, Cerity Partners LLC acquired a new position in shares of Eldorado Gold during the fourth quarter worth approximately $287,000. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Stock Performance

Shares of NYSE EGO traded up $0.35 during trading hours on Friday, reaching $22.81. The stock had a trading volume of 1,322,292 shares, compared to its average volume of 1,865,058. The business's fifty day moving average is $21.03 and its two-hundred day moving average is $18.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.36 and a beta of 0.37. Eldorado Gold Corporation has a twelve month low of $13.29 and a twelve month high of $23.58.

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 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The firm had revenue of $459.53 million during the quarter, compared to analyst estimates of $401.85 million. As a group, research analysts expect that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen lowered Eldorado Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Canaccord Genuity Group cut their price target on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a report on Monday, May 5th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. CIBC restated an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Finally, Scotiabank restated a "sector perform" rating on shares of Eldorado Gold in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus 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.