Eldorado Gold Co. (NYSE:EGO) Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 36.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,099 shares of the basic materials company’s stock after selling 54,008 shares during the period. JPMorgan Chase & Co.’s holdings in Eldorado Gold were worth $1,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC increased its holdings in shares of Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the period. SBI Securities Co. Ltd. acquired a new position in Eldorado Gold in the 4th quarter valued at approximately $55,000. Barclays PLC increased its stake in Eldorado Gold by 18.6% in the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company’s stock valued at $3,064,000 after buying an additional 27,667 shares during the period. Swiss National Bank lifted its position in Eldorado Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company’s stock worth $6,000,000 after buying an additional 2,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Eldorado Gold by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company’s stock valued at $1,675,000 after buying an additional 6,629 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Performance

EGO opened at $19.05 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The company has a market cap of $3.91 billion, a PE ratio of 13.61 and a beta of 0.81. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $16.05. Eldorado Gold Co. has a 52-week low of $13.29 and a 52-week high of $20.65.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The firm had revenue of $435.70 million during the quarter, compared to analyst estimates of $440.43 million. As a group, equities research analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EGO. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Thursday, April 10th. National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday. Scotiabank lifted their price target on Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. Royal Bank of Canada boosted their price target on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Finally, National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

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.