AlphaCore Capital LLC Makes New $345,000 Investment in Eldorado Gold Corporation $EGO

AlphaCore Capital LLC bought a new stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 16,963 shares of the basic materials company’s stock, valued at approximately $345,000.

A number of other large investors have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Eldorado Gold in the 2nd quarter worth approximately $32,000. TD Waterhouse Canada Inc. boosted its holdings in Eldorado Gold by 35.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 587 shares during the period. SBI Securities Co. Ltd. grew its holdings in Eldorado Gold by 7.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,693 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 687 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Eldorado Gold in the first quarter valued at about $186,000. Finally, Catalyst Funds Management Pty Ltd purchased a new position in shares of Eldorado Gold during the 2nd quarter valued at approximately $226,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. CIBC lifted their price objective on shares of Eldorado Gold from $32.00 to $46.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Scotiabank lifted their target price on Eldorado Gold from $25.50 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. Bank of America increased their price target on Eldorado Gold from $25.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.00.

Eldorado Gold Stock Up 6.0%

Shares of EGO stock opened at $28.77 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. The business’s fifty day moving average is $27.65 and its 200-day moving average is $23.73. Eldorado Gold Corporation has a 1 year low of $13.29 and a 1 year high of $30.89. The stock has a market cap of $5.78 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.29 and a beta of 0.49.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). The firm had revenue of $436.44 million for the quarter, compared to analyst estimates of $422.25 million. Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. Equities analysts expect that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal 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.