Allspring Global Investments Holdings LLC Buys 50,500 Shares of Eldorado Gold Co. (NYSE:EGO)

Allspring Global Investments Holdings LLC increased its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,000 shares of the basic materials company’s stock after purchasing an additional 50,500 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.10% of Eldorado Gold worth $3,515,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,336 shares during the last quarter. Tobam increased its position in Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 651 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Eldorado Gold in the second quarter worth $74,000. Headlands Technologies LLC bought a new stake in Eldorado Gold in the second quarter worth $97,000. Finally, Virtu Financial LLC bought a new stake in Eldorado Gold in the first quarter worth $165,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

EGO opened at $17.14 on Tuesday. Eldorado Gold Co. has a 12-month low of $9.72 and a 12-month high of $19.06. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.51 billion, a PE ratio of 30.06 and a beta of 0.95. The firm has a 50 day moving average of $17.45 and a two-hundred day moving average of $16.28.

Analyst Ratings Changes

EGO has been the subject of several recent analyst reports. Scotiabank lifted their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Royal Bank of Canada lifted their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC lifted their price objective on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.38.

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.