Vontobel Holding Ltd. increased its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,000 shares of the basic materials company’s stock after purchasing an additional 6,000 shares during the period. Vontobel Holding Ltd.’s holdings in Eldorado Gold were worth $713,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of EGO. NEXT Financial Group Inc boosted its stake in Eldorado Gold by 149.4% during the 1st quarter. NEXT Financial Group Inc now owns 2,698 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,616 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of Eldorado Gold by 37.6% in the 4th quarter. Banque Cantonale Vaudoise now owns 10,795 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 2,950 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Eldorado Gold in the 1st quarter worth $145,000. Voya Financial Advisors Inc. acquired a new stake in shares of Eldorado Gold in the 4th quarter worth $160,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Eldorado Gold by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 13,141 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 2,770 shares during the period. Hedge funds and other institutional investors own 54.21% of the company’s stock.
NYSE:EGO opened at $11.74 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.19 and a quick ratio of 2.49. The company’s 50-day simple moving average is $11.30. Eldorado Gold Co. has a twelve month low of $7.87 and a twelve month high of $14.49. The stock has a market cap of $2.14 billion, a P/E ratio of 17.52, a P/E/G ratio of 4.91 and a beta of 1.43.
Several analysts have recently commented on EGO shares. TheStreet cut shares of Eldorado Gold from a “b-” rating to a “c” rating in a research note on Friday, February 26th. Zacks Investment Research cut shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, April 9th. Bank of America cut shares of Eldorado Gold from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 9th. Canaccord Genuity reduced their target price on shares of Eldorado Gold from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, April 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of Eldorado Gold in a report on Friday, April 30th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.86.
Eldorado Gold Company Profile
Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.
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