Eldorado Gold Corporation $EGO Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC decreased its holdings in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 48.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,238 shares of the basic materials company’s stock after selling 49,183 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Eldorado Gold were worth $1,538,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in shares of Eldorado Gold by 228.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,994,328 shares of the basic materials company’s stock worth $101,649,000 after buying an additional 3,472,504 shares in the last quarter. Jennison Associates LLC grew its holdings in Eldorado Gold by 10.3% during the 2nd quarter. Jennison Associates LLC now owns 7,990,223 shares of the basic materials company’s stock worth $162,521,000 after acquiring an additional 744,419 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Eldorado Gold in the 2nd quarter worth about $13,387,000. Acadian Asset Management LLC acquired a new stake in shares of Eldorado Gold in the 2nd quarter valued at about $11,023,000. Finally, Qube Research & Technologies Ltd lifted its position in shares of Eldorado Gold by 241.4% during the second quarter. Qube Research & Technologies Ltd now owns 682,945 shares of the basic materials company’s stock worth $13,891,000 after purchasing an additional 482,915 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank boosted their price objective on Eldorado Gold from $25.50 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Bank of America upped their price target on Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a research report on Monday, December 1st. Wall Street Zen cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Eldorado Gold Price Performance

Shares of EGO opened at $40.27 on Friday. Eldorado Gold Corporation has a one year low of $13.29 and a one year high of $41.67. The stock’s fifty day moving average is $33.60 and its 200-day moving average is $27.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.28 and a current ratio of 2.79. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 0.21 and a beta of 0.54.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, October 30th. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). Eldorado Gold had a return on equity of 8.89% and a net margin of 22.15%.The firm had revenue of $436.44 million during the quarter, compared to analyst estimates of $422.25 million. Equities analysts anticipate that Eldorado Gold Corporation will post 1.5 EPS for the current year.

About Eldorado Gold

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.