Raymond James Financial Inc. Invests $1.25 Million in Eldorado Gold Co. (NYSE:EGO)

Raymond James Financial Inc. acquired a new position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,982 shares of the basic materials company’s stock, valued at approximately $1,249,000.

Several other large investors have also bought and sold shares of EGO. Barclays PLC increased its position in Eldorado Gold by 18.6% during the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company’s stock worth $3,064,000 after purchasing an additional 27,667 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Eldorado Gold by 7.4% during the third quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company’s stock worth $1,675,000 after buying an additional 6,629 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Eldorado Gold by 130.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company’s stock valued at $2,607,000 after acquiring an additional 85,053 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Eldorado Gold during the 4th quarter valued at $425,000. Finally, Jennison Associates LLC boosted its holdings in shares of Eldorado Gold by 17.5% during 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 acquiring an additional 1,058,137 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Price Performance

EGO stock opened at $18.31 on Friday. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 13.08 and a beta of 0.42. The company’s fifty day simple moving average is $16.81 and its 200 day simple moving average is $16.09. Eldorado Gold Co. has a 12-month low of $13.29 and a 12-month high of $20.65.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). The business had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, analysts expect that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank raised their price target on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Royal Bank of Canada boosted their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Thursday, April 10th. Finally, National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.38.

Eldorado Gold 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.