Two Sigma Investments LP Sells 298,072 Shares of Eldorado Gold Co. (NYSE:EGO)

Two Sigma Investments LP lowered its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 69.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,294 shares of the basic materials company’s stock after selling 298,072 shares during the period. Two Sigma Investments LP owned about 0.06% of Eldorado Gold worth $1,923,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its holdings in shares of Eldorado Gold by 26.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 682 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Eldorado Gold by 0.3% in the 4th quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock worth $3,737,000 after purchasing an additional 804 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Eldorado Gold by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company’s stock worth $496,000 after purchasing an additional 1,500 shares during the period. Swiss National Bank boosted its stake in shares of Eldorado Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company’s stock valued at $6,000,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Eldorado Gold by 16.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock valued at $297,000 after purchasing an additional 2,775 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Wall Street Zen lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Canaccord Genuity Group reduced their price target on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, May 5th. Scotiabank raised their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. Finally, Royal Bank of Canada upped their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Eldorado Gold currently has a consensus rating of “Moderate Buy” and an average target price of $21.70.

Eldorado Gold Trading Up 4.5%

Eldorado Gold stock opened at $21.00 on Tuesday. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $21.74. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 15.00 and a beta of 0.42. The business’s fifty day simple moving average is $18.64 and its two-hundred day simple moving average is $16.42. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results 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 firm had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. As a group, equities analysts predict that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Company 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.