Eldorado Gold Co. (NYSE:EGO) Position Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,152 shares of the basic materials company's stock after selling 41,512 shares during the quarter. Russell Investments Group Ltd.'s holdings in Eldorado Gold were worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its holdings in Eldorado Gold by 0.3% in the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock valued at $3,737,000 after purchasing an additional 804 shares in the last quarter. Alliancebernstein L.P. raised its stake 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 purchasing an additional 1,500 shares during the last quarter. Swiss National Bank raised its stake in shares of Eldorado Gold by 0.6% during the fourth quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock worth $6,000,000 after purchasing an additional 2,500 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock worth $297,000 after acquiring an additional 2,775 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Eldorado Gold by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 99,562 shares of the basic materials company's stock worth $1,496,000 after acquiring an additional 3,651 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Stock Down 2.2 %

Shares of EGO stock traded down $0.43 on Tuesday, hitting $18.79. The stock had a trading volume of 171,951 shares, compared to its average volume of 1,567,367. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 13.42 and a beta of 0.81. The stock's 50 day moving average is $16.45 and its 200-day moving average is $16.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a 52-week low of $13.29 and a 52-week high of $20.65.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EGO shares. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Royal Bank of Canada upped their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, Scotiabank upped their price target on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.38.

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.