Banque Cantonale Vaudoise Cuts Stock Position in Eldorado Gold Co. (NYSE:EGO)

Banque Cantonale Vaudoise lessened its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 18.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,193 shares of the basic materials company’s stock after selling 1,395 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Eldorado Gold were worth $87,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EGO. Parkside Financial Bank & Trust purchased a new stake in shares of Eldorado Gold during the fourth quarter worth $35,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Eldorado Gold during the fourth quarter worth $37,000. Tobam purchased a new stake in shares of Eldorado Gold during the fourth quarter worth $68,000. Aigen Investment Management LP acquired a new position in shares of Eldorado Gold during the 4th quarter valued at about $134,000. Finally, Sapient Capital LLC acquired a new position in shares of Eldorado Gold during the 4th quarter valued at about $151,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

EGO has been the topic of several recent research reports. Scotiabank boosted their price target on shares of Eldorado Gold from $15.00 to $18.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. TD Securities lowered their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. Royal Bank of Canada raised shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $14.00 to $20.00 in a research report on Wednesday, May 29th. Finally, StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Eldorado Gold currently has a consensus rating of “Hold” and a consensus price target of $15.60.

Eldorado Gold Trading Up 0.1 %

NYSE EGO opened at $15.02 on Tuesday. The firm’s 50-day moving average is $15.20 and its two-hundred day moving average is $13.55. Eldorado Gold Co. has a 12 month low of $8.30 and a 12 month high of $16.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.50 and a quick ratio of 2.52. The stock has a market capitalization of $3.07 billion, a P/E ratio of 26.34, a PEG ratio of 0.28 and a beta of 1.10.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $257.97 million for the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. During the same period in the prior year, the company posted $0.11 EPS. On average, sell-side analysts anticipate that Eldorado Gold Co. will post 1.09 earnings per share for the current year.

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.