Cetera Investment Advisers Reduces Stock Holdings in Eldorado Gold Corporation (NYSE:EGO)

Cetera Investment Advisers decreased its holdings in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 28.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,534 shares of the basic materials company’s stock after selling 20,411 shares during the quarter. Cetera Investment Advisers’ holdings in Eldorado Gold were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new position in Eldorado Gold in the first quarter worth $374,000. Allspring Global Investments Holdings LLC raised its holdings in Eldorado Gold by 11.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company’s stock worth $4,242,000 after purchasing an additional 25,000 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in Eldorado Gold by 43.5% in the first quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company’s stock worth $63,970,000 after purchasing an additional 1,152,909 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Eldorado Gold by 4.7% in the fourth 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 in the last quarter. Finally, Cerity Partners LLC bought a new position in Eldorado Gold in the fourth quarter worth $287,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Up 0.8%

Eldorado Gold stock opened at $22.65 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65. Eldorado Gold Corporation has a one year low of $13.29 and a one year high of $23.58. The stock has a market capitalization of $4.60 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.36 and a beta of 0.37. The business’s fifty day moving average is $20.98 and its 200 day moving average is $18.33.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The business had revenue of $459.53 million for the quarter, compared to analysts’ expectations of $401.85 million. On average, sell-side analysts predict that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Canaccord Genuity Group decreased their price objective on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, May 5th. Scotiabank restated a “sector perform” rating on shares of Eldorado Gold in a report on Monday. CIBC restated an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, July 15th. National Bankshares restated an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.60.

Eldorado Gold 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.