Sanctuary Advisors LLC Decreases Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

Sanctuary Advisors LLC lowered its stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 43.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,810 shares of the basic materials company’s stock after selling 60,746 shares during the period. Sanctuary Advisors LLC’s holdings in Eldorado Gold were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in EGO. Blue Trust Inc. boosted its holdings in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,336 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Eldorado Gold by 33.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company’s stock worth $3,515,000 after acquiring an additional 50,500 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Eldorado Gold during the third quarter worth about $394,000. Versor Investments LP raised its position in Eldorado Gold by 7.0% during the third quarter. Versor Investments LP now owns 60,014 shares of the basic materials company’s stock worth $1,043,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Tacita Capital Inc acquired a new position in Eldorado Gold during the third quarter worth about $467,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EGO shares. TD Securities cut their target price on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, November 4th. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Scotiabank cut their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $20.00.

Eldorado Gold Price Performance

EGO opened at $14.14 on Wednesday. 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 Co. has a 52-week low of $10.03 and a 52-week high of $19.06. The company has a 50 day moving average of $14.93 and a two-hundred day moving average of $16.26. The company has a market cap of $2.90 billion, a P/E ratio of 10.10 and a beta of 0.93.

Eldorado Gold (NYSE:EGO) (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%. On average, analysts expect that Eldorado Gold Co. will post 1.5 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.