Eldorado Gold Co. (NYSE:EGO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,094,637 shares of the basic materials company's stock after selling 209,000 shares during the quarter. Renaissance Technologies LLC owned 1.51% of Eldorado Gold worth $46,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Eldorado Gold during the 4th quarter worth approximately $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Eldorado Gold in the 4th quarter valued at $113,000. Envestnet Asset Management Inc. purchased a new stake in Eldorado Gold during the 4th quarter worth approximately $183,000. Fox Run Management L.L.C. bought a new position in Eldorado Gold during the 4th quarter worth approximately $254,000. Finally, Cerity Partners LLC acquired a new stake in shares of Eldorado Gold during the fourth quarter worth $287,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Stock Performance

Shares of EGO traded up $0.86 during mid-day trading on Wednesday, hitting $20.22. 862,340 shares of the company's stock were exchanged, compared to its average volume of 1,551,584. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 14.44 and a beta of 0.81. The stock's 50-day simple moving average is $15.51 and its 200-day simple moving average is $15.92. Eldorado Gold Co. has a 52 week low of $13.29 and a 52 week high of $20.54. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, equities research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. Scotiabank lifted their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research note on Monday. Royal Bank of Canada boosted their target price on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.38.

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.