Triasima Portfolio Management inc. Takes $18.55 Million Position in Eldorado Gold Co. (NYSE:EGO)

Triasima Portfolio Management inc. bought a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,426,238 shares of the basic materials company's stock, valued at approximately $18,548,000. Eldorado Gold makes up about 1.5% of Triasima Portfolio Management inc.'s portfolio, making the stock its 23rd largest holding. Triasima Portfolio Management inc. owned about 0.70% of Eldorado Gold as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tobam purchased a new position in Eldorado Gold during the fourth quarter valued at approximately $68,000. Russell Investments Group Ltd. purchased a new position in Eldorado Gold during the second quarter valued at approximately $88,000. Atria Wealth Solutions Inc. purchased a new position in Eldorado Gold during the third quarter valued at approximately $89,000. Sapient Capital LLC purchased a new position in Eldorado Gold during the fourth quarter valued at approximately $151,000. Finally, Prelude Capital Management LLC purchased a new position in Eldorado Gold during the second quarter valued at approximately $78,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded down $0.46 on Friday, reaching $15.14. The stock had a trading volume of 2,677,460 shares, compared to its average volume of 1,966,204. The business's 50-day moving average price is $12.67 and its two-hundred day moving average price is $11.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.53 and a current ratio of 3.39. Eldorado Gold Co. has a fifty-two week low of $8.30 and a fifty-two week high of $16.01. The stock has a market cap of $3.09 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 6.65 and a beta of 1.10.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%. The business had revenue of $306.90 million during the quarter. On average, sell-side analysts forecast that Eldorado Gold Co. will post 0.76 EPS for the current year.

Analyst Ratings Changes

EGO has been the topic of a number of research analyst reports. CIBC boosted their price objective on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. TD Securities reduced their target price on shares of Eldorado Gold from $14.50 to $13.00 and set a "hold" rating for the company in a research note on Monday, February 26th. National Bank Financial reiterated an "outperform spec overweight" rating on shares of Eldorado Gold in a research note on Monday, April 8th. Stifel Canada cut shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus reiterated a "hold" rating on shares of Eldorado Gold in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Eldorado Gold has an average rating of "Hold" and a consensus price target of $14.00.

Eldorado Gold 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.