Eldorado Gold Sees Unusually High Options Volume (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD was the recipient of some unusual options trading activity on Friday. Traders purchased 4,495 call options on the company. This is an increase of approximately 269% compared to the average daily volume of 1,217 call options.

Eldorado Gold Price Performance

Shares of EGO stock traded up $0.57 on Wednesday, reaching $19.93. The company had a trading volume of 1,376,780 shares, compared to its average volume of 1,554,064. The stock has a market capitalization of $4.10 billion, a PE ratio of 14.24 and a beta of 0.81. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The business's 50-day moving average is $15.51 and its 200 day moving average is $15.92. Eldorado Gold has a one year low of $13.29 and a one year high of $20.54.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Eldorado Gold in the 3rd quarter valued at approximately $2,626,000. Barclays PLC increased its position in Eldorado Gold by 18.6% in the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after acquiring an additional 27,667 shares during the period. Geode Capital Management LLC raised its stake in shares of Eldorado Gold by 7.4% during the third quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock valued at $1,675,000 after acquiring an additional 6,629 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Eldorado Gold by 84.9% during the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company's stock worth $322,000 after purchasing an additional 8,512 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of Eldorado Gold by 331.4% in the third quarter. Sanctuary Advisors LLC now owns 138,556 shares of the basic materials company's stock worth $2,295,000 after purchasing an additional 106,438 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

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.