Credit Suisse AG Increases Stake in Eldorado Gold Co. (NYSE:EGO)

Credit Suisse AG raised its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,762 shares of the basic materials company’s stock after purchasing an additional 11,464 shares during the quarter. Credit Suisse AG owned approximately 0.09% of Eldorado Gold worth $1,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Employees Retirement System of Texas bought a new stake in shares of Eldorado Gold during the first quarter valued at about $68,000. Banque Cantonale Vaudoise bought a new position in Eldorado Gold in the 1st quarter valued at $95,000. Prelude Capital Management LLC purchased a new position in shares of Eldorado Gold during the 2nd quarter valued at $78,000. LPL Financial LLC increased its holdings in shares of Eldorado Gold by 19.5% in the second quarter. LPL Financial LLC now owns 12,286 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 2,008 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Eldorado Gold in the second quarter worth $80,000. Hedge funds and other institutional investors own 58.23% of the company’s stock.

Eldorado Gold Stock Performance

Shares of NYSE:EGO opened at $9.57 on Wednesday. The company has a current ratio of 3.75, a quick ratio of 2.67 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $9.82 and a 200-day moving average price of $10.09. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 119.89 and a beta of 1.23. Eldorado Gold Co. has a 12 month low of $5.06 and a 12 month high of $12.11.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Eldorado Gold had a return on equity of 1.67% and a net margin of 1.48%. The firm had revenue of $229.86 million for the quarter. As a group, equities analysts anticipate that Eldorado Gold Co. will post 0.37 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on EGO shares. BMO Capital Markets started coverage on Eldorado Gold in a report on Friday, June 9th. They issued an “outperform” rating and a C$17.00 price target on the stock. CSFB decreased their price target on shares of Eldorado Gold from $10.75 to $9.00 and set an “underperform” rating on the stock in a report on Thursday, August 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.50 price objective on shares of Eldorado Gold in a report on Tuesday, August 8th. TD Securities reduced their price target on shares of Eldorado Gold from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, July 31st. Finally, National Bank Financial upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $12.49.

Eldorado Gold 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 gold mines located in western Turkey; Lamaque gold mines 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.