Allspring Global Investments Holdings LLC Has $4.24 Million Holdings in Eldorado Gold Corporation (NYSE:EGO)

Allspring Global Investments Holdings LLC boosted its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,300 shares of the basic materials company’s stock after purchasing an additional 25,000 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of Eldorado Gold worth $4,242,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EGO. TD Waterhouse Canada Inc. increased its holdings in Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock valued at $48,000 after buying an additional 682 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Eldorado Gold by 0.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company’s stock valued at $2,664,000 after buying an additional 1,174 shares during the period. Alliancebernstein L.P. increased its holdings in Eldorado Gold by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company’s stock valued at $496,000 after buying an additional 1,500 shares during the period. Continuum Advisory LLC increased its holdings in Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,945 shares during the period. Finally, Swiss National Bank increased its holdings 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 valued at $6,000,000 after buying an additional 2,500 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Up 0.5%

Shares of NYSE:EGO opened at $20.82 on Monday. Eldorado Gold Corporation has a 12 month low of $13.29 and a 12 month high of $21.79. The company’s 50-day moving average price is $19.99 and its two-hundred day moving average price is $17.22. The company has a quick ratio of 2.53, a current ratio of 3.12 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.27 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.35 and a beta of 0.46.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Eldorado Gold had a return on equity of 8.41% and a net margin of 23.10%. The company had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million. As a group, research analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on EGO. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, June 24th. 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 report on Friday, April 4th. Wall Street Zen raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, June 6th. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Scotiabank lifted their price target on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. Three 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

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.