TD Asset Management Inc Has $6.96 Million Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

TD Asset Management Inc increased its holdings in Eldorado Gold Co. (NYSE:EGOFree Report) (TSE:ELD) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,641 shares of the basic materials company’s stock after purchasing an additional 4,478 shares during the period. TD Asset Management Inc owned approximately 0.26% of Eldorado Gold worth $6,961,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust bought a new stake in Eldorado Gold in the fourth quarter worth $35,000. Tobam bought a new stake in Eldorado Gold in the fourth quarter worth $68,000. Atria Wealth Solutions Inc. bought a new stake in Eldorado Gold in the third quarter worth $89,000. Aigen Investment Management LP bought a new stake in Eldorado Gold in the fourth quarter worth $134,000. Finally, Sapient Capital LLC bought a new stake in Eldorado Gold in the fourth quarter worth $151,000. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Stock Down 2.8 %

Shares of EGO opened at $15.74 on Wednesday. The company has a 50-day simple moving average of $15.14 and a 200-day simple moving average of $13.29. The firm has a market capitalization of $3.21 billion, a P/E ratio of 27.61, a P/E/G ratio of 0.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.52 and a current ratio of 3.50. Eldorado Gold Co. has a 52 week low of $8.30 and a 52 week high of $16.69.

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) last announced its quarterly earnings data on Friday, April 26th. The basic materials company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $257.97 million during the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. During the same period in the prior year, the company posted $0.11 EPS. On average, equities research analysts expect that Eldorado Gold Co. will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on EGO. TD Securities decreased their price objective on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a report on Monday, February 26th. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $14.00 to $20.00 in a report on Wednesday, May 29th. CIBC upped their price target on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Eldorado Gold has a consensus rating of “Hold” and a consensus target price of $15.83.

Get Our Latest Analysis on EGO

Eldorado Gold Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eldorado Gold (NYSE:EGO)

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