Raymond James Financial Inc. Takes $1.25 Million Position in Eldorado Gold Co. (NYSE:EGO)

Raymond James Financial Inc. acquired a new stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 83,982 shares of the basic materials company's stock, valued at approximately $1,249,000.

Several other large investors also recently modified their holdings of the stock. Cerity Partners LLC acquired a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $287,000. Envestnet Asset Management Inc. bought a new position in Eldorado Gold during the 4th quarter worth $183,000. Donald Smith & CO. Inc. boosted its position in shares of Eldorado Gold by 2.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company's stock valued at $179,942,000 after acquiring an additional 309,599 shares during the period. Trexquant Investment LP increased its position in Eldorado Gold by 39.3% during the fourth quarter. Trexquant Investment LP now owns 272,594 shares of the basic materials company's stock worth $4,053,000 after acquiring an additional 76,863 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Eldorado Gold by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 99,562 shares of the basic materials company's stock valued at $1,496,000 after purchasing an additional 3,651 shares during the period. 69.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EGO shares. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Canaccord Genuity Group dropped 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 report on Monday. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

Eldorado Gold Price Performance

EGO stock traded up $1.35 during trading on Tuesday, reaching $20.40. 2,667,668 shares of the company were exchanged, compared to its average volume of 1,611,767. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $21.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 14.57 and a beta of 0.42. The company has a 50-day moving average of $17.03 and a two-hundred day moving average of $16.11.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results 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 firm had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities analysts predict that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

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.