Eldorado Gold Co. (NYSE:EGO) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,737 shares of the basic materials company’s stock after selling 7,126 shares during the period. Vontobel Holding Ltd.’s holdings in Eldorado Gold were worth $892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Helikon Investments Ltd boosted its holdings in shares of Eldorado Gold by 1.7% during the 3rd quarter. Helikon Investments Ltd now owns 29,438,478 shares of the basic materials company’s stock worth $262,297,000 after purchasing an additional 501,488 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Eldorado Gold by 10.8% during 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 purchasing an additional 2,094,276 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Eldorado Gold by 1.4% during the 1st quarter. BlackRock Inc. now owns 10,321,583 shares of the basic materials company’s stock worth $115,706,000 after purchasing an additional 141,298 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Eldorado Gold by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,694,600 shares of the basic materials company’s stock worth $59,649,000 after purchasing an additional 128,430 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Eldorado Gold by 0.9% during the 1st quarter. Renaissance Technologies LLC now owns 4,656,829 shares of the basic materials company’s stock worth $48,245,000 after purchasing an additional 42,400 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Up 0.9 %

Shares of NYSE EGO opened at $15.04 on Monday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 6.34 and a beta of 1.10. The company has a quick ratio of 2.53, a current ratio of 3.39 and a debt-to-equity ratio of 0.18. Eldorado Gold Co. has a 52-week low of $8.30 and a 52-week high of $16.01. The business’s 50 day moving average is $12.95 and its two-hundred day moving average is $12.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company 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%. Research analysts predict that Eldorado Gold Co. will post 0.77 EPS for the current year.

Wall Street Analyst Weigh In

EGO has been the topic of a number of recent analyst reports. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. TD Securities decreased their price objective on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a report on Monday, February 26th. CIBC upped their price objective on Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Stifel Nicolaus reiterated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.30.

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.