Cambridge Investment Research Advisors Inc. Sells 34,283 Shares of Eldorado Gold Corporation (NYSE:EGO)

Cambridge Investment Research Advisors Inc. lessened its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 75.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,428 shares of the basic materials company’s stock after selling 34,283 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Eldorado Gold were worth $192,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Eldorado Gold in the 4th quarter valued at $1,249,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Eldorado Gold by 11.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,377 shares of the basic materials company’s stock valued at $764,000 after acquiring an additional 5,397 shares during the period. HighTower Advisors LLC bought a new stake in shares of Eldorado Gold in the fourth quarter worth about $461,000. Swiss National Bank increased its holdings in shares of Eldorado Gold by 0.6% in the fourth 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 in the last quarter. Finally, Boston Partners raised its position in shares of Eldorado Gold by 3.8% during the fourth quarter. Boston Partners now owns 1,777,646 shares of the basic materials company’s stock worth $26,456,000 after purchasing an additional 64,528 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Performance

Shares of EGO opened at $20.50 on Tuesday. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.35 and a beta of 0.46. Eldorado Gold Corporation has a 12 month low of $13.29 and a 12 month high of $21.79. The firm has a fifty day simple moving average of $20.14 and a 200 day simple moving average of $17.40. The company has a current ratio of 3.12, a quick ratio of 2.53 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted 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). The business had revenue of $341.59 million for the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a return on equity of 8.41% and a net margin of 23.10%. Research analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, June 24th. Scotiabank upped their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Canaccord Genuity Group dropped 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. Finally, Wall Street Zen raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Three equities 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.50.

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.