Sapient Capital LLC Makes New Investment in Eldorado Gold Co. (NYSE:EGO)

Sapient Capital LLC bought a new position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the fourth quarter, Holdings Channel.com reports. The firm bought 11,625 shares of the basic materials company’s stock, valued at approximately $151,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EGO. Arrowstreet Capital Limited Partnership grew its holdings in shares of Eldorado Gold by 234.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,869,793 shares of the basic materials company’s stock worth $40,084,000 after acquiring an additional 2,711,353 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Eldorado Gold by 113.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,167,313 shares of the basic materials company’s stock worth $26,629,000 after buying an additional 2,216,406 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Eldorado Gold by 10.8% in the 3rd quarter. Van ECK Associates Corp now owns 21,446,611 shares of the basic materials company’s stock worth $191,091,000 after buying an additional 2,094,276 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Eldorado Gold by 1,043.9% in the 1st quarter. Royal Bank of Canada now owns 1,779,308 shares of the basic materials company’s stock worth $19,945,000 after buying an additional 1,623,765 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Eldorado Gold by 292.6% in the 1st quarter. Mackenzie Financial Corp now owns 1,347,425 shares of the basic materials company’s stock worth $15,113,000 after buying an additional 1,004,239 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EGO shares. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. CIBC upped their price target on Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Stifel Nicolaus restated a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. Stifel Canada downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, TD Securities lowered their price objective on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.00.

Eldorado Gold Stock Performance

EGO stock opened at $15.06 on Wednesday. The stock has a market capitalization of $3.07 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 6.45 and a beta of 1.10. Eldorado Gold Co. has a 12-month low of $8.30 and a 12-month high of $16.01. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $12.02.

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

About Eldorado Gold

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.