D.A. Davidson & CO. Invests $374,000 in Eldorado Gold Corporation (NYSE:EGO)

D.A. Davidson & CO. acquired a new position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 22,230 shares of the basic materials company’s stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its holdings in shares of 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 worth $48,000 after acquiring an additional 682 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 worth $2,664,000 after acquiring an additional 1,174 shares during the last quarter. Alliancebernstein L.P. grew its holdings 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 acquiring an additional 1,500 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,945 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of 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 acquiring an additional 2,500 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

EGO has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their target price on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, May 5th. National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, June 24th. 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. Wall Street Zen upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Eldorado Gold Stock Performance

Shares of NYSE EGO opened at $20.47 on Friday. The business’s 50-day moving average price is $20.14 and its two-hundred day moving average price is $17.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 2.53. Eldorado Gold Corporation has a one year low of $13.29 and a one year high of $21.79. The company has a market capitalization of $4.20 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.34 and a beta of 0.46.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results 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 net margin of 23.10% and a return on equity of 8.41%. The firm had revenue of $341.59 million during the quarter, compared to analysts’ expectations of $319.83 million. Analysts anticipate that Eldorado Gold Corporation 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.