Swiss National Bank Grows Position in Eldorado Gold Co. (NYSE:EGO)

Swiss National Bank raised its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 0.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 403,620 shares of the basic materials company’s stock after purchasing an additional 2,500 shares during the period. Swiss National Bank’s holdings in Eldorado Gold were worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EGO. Banque Cantonale Vaudoise acquired a new position in shares of Eldorado Gold in the 3rd quarter valued at $36,000. SBI Securities Co. Ltd. purchased a new position in Eldorado Gold during the 4th quarter worth $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Eldorado Gold in the fourth quarter valued at $113,000. Atria Wealth Solutions Inc. raised its holdings in shares of Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock valued at $297,000 after buying an additional 2,775 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Eldorado Gold by 84.9% during the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock worth $322,000 after buying an additional 8,512 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on EGO shares. Scotiabank dropped their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Eldorado Gold Trading Down 2.0 %

NYSE EGO opened at $15.63 on Monday. Eldorado Gold Co. has a 52-week low of $13.29 and a 52-week high of $19.06. The firm has a 50-day moving average price of $14.73 and a 200 day moving average price of $15.92. The stock has a market capitalization of $3.20 billion, a P/E ratio of 11.16 and a beta of 1.11. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Equities research analysts expect that Eldorado Gold Co. 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.