Cerity Partners LLC Has $526,000 Stake in Eldorado Gold Corporation (NYSE:EGO)

Cerity Partners LLC lifted its holdings in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 63.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,281 shares of the basic materials company’s stock after purchasing an additional 12,101 shares during the period. Cerity Partners LLC’s holdings in Eldorado Gold were worth $526,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Continuum Advisory LLC boosted its holdings in Eldorado Gold by 335.3% in the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,945 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in 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 worth $48,000 after buying an additional 682 shares during the last quarter. Tradition Wealth Management LLC bought a new position in Eldorado Gold during the fourth quarter worth about $153,000. Envestnet Asset Management Inc. bought a new position in Eldorado Gold during the fourth quarter worth about $183,000. Finally, Alps Advisors Inc. bought a new position in Eldorado Gold during the first quarter worth about $250,000. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. 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 report on Monday, May 5th. Wall Street Zen upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Scotiabank boosted their price target on Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. CIBC restated an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold has an average rating of “Moderate Buy” and an average target price of $23.60.

Eldorado Gold Stock Up 1.2%

Shares of Eldorado Gold stock opened at $20.72 on Friday. The stock’s 50-day moving average is $20.48 and its 200 day moving average is $17.73. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.34 and a beta of 0.46. 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.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share 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 company had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. Equities research analysts anticipate that Eldorado Gold Corporation will post 1.5 EPS for the current year.

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.