SBI Securities Co. Ltd. Takes $55,000 Position in Eldorado Gold Co. (NYSE:EGO)

SBI Securities Co. Ltd. acquired a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,712 shares of the basic materials company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jennison Associates LLC grew its stake in Eldorado Gold by 65.0% in the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock valued at $104,777,000 after purchasing an additional 2,376,241 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Eldorado Gold in the 3rd quarter worth approximately $2,626,000. National Bank of Canada FI raised its stake in shares of Eldorado Gold by 22.9% during the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company’s stock worth $11,089,000 after acquiring an additional 118,760 shares in the last quarter. Mudita Advisors LLP purchased a new stake in Eldorado Gold during the third quarter valued at approximately $1,956,000. Finally, Sanctuary Advisors LLC boosted its stake in Eldorado Gold by 331.4% in the third quarter. Sanctuary Advisors LLC now owns 138,556 shares of the basic materials company’s stock valued at $2,295,000 after acquiring an additional 106,438 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EGO has been the subject of several analyst reports. Scotiabank decreased their price objective on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a report on Friday, February 7th. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Eldorado Gold Stock Down 1.2 %

Shares of EGO opened at $14.30 on Tuesday. Eldorado Gold Co. has a 52-week low of $11.98 and a 52-week high of $19.06. 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 stock has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $16.04. The company has a market capitalization of $2.93 billion, a PE ratio of 10.21 and a beta of 1.11.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million during the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. As a group, equities analysts forecast that Eldorado Gold Co. will post 1.5 EPS 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.