SG Americas Securities LLC Lowers Holdings in Eldorado Gold Co. (NYSE:EGO)

SG Americas Securities LLC lessened its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 57.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,977 shares of the basic materials company’s stock after selling 18,763 shares during the quarter. SG Americas Securities LLC’s holdings in Eldorado Gold were worth $181,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Eldorado Gold by 55.3% in the 3rd quarter. American Century Companies Inc. now owns 1,269,694 shares of the basic materials company’s stock worth $11,322,000 after buying an additional 452,226 shares in the last quarter. Vanguard Group Inc. increased its holdings in Eldorado Gold by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,694,600 shares of the basic materials company’s stock worth $59,649,000 after buying an additional 128,430 shares in the last quarter. Swiss National Bank increased its holdings in Eldorado Gold by 11.4% in the 3rd quarter. Swiss National Bank now owns 448,320 shares of the basic materials company’s stock worth $4,034,000 after buying an additional 46,000 shares in the last quarter. Gabelli Funds LLC increased its holdings in Eldorado Gold by 9.2% in the 3rd quarter. Gabelli Funds LLC now owns 1,965,000 shares of the basic materials company’s stock worth $17,508,000 after buying an additional 165,700 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Eldorado Gold by 13.0% during the 3rd quarter. CIBC Asset Management Inc now owns 193,188 shares of the basic materials company’s stock valued at $1,729,000 after purchasing an additional 22,292 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Trading Down 2.9 %

Shares of NYSE:EGO opened at $15.14 on Monday. The stock has a 50 day moving average of $12.67 and a 200 day moving average of $11.93. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18. Eldorado Gold Co. has a 12-month low of $8.30 and a 12-month high of $16.01. The company has a market cap of $3.09 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 6.45 and a beta of 1.10.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. The company had revenue of $306.90 million for the quarter. As a group, equities research analysts expect that Eldorado Gold Co. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EGO. Stifel Nicolaus restated a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. TD Securities cut their price target on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Monday, February 26th. CIBC boosted their price objective on Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Stifel Canada downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

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.