Parkside Financial Bank & Trust Takes Position in Eldorado Gold Co. (NYSE:EGO)

Parkside Financial Bank & Trust purchased a new stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,701 shares of the basic materials company’s stock, valued at approximately $35,000.

Several other hedge funds have also recently bought and sold shares of EGO. Bank of New York Mellon Corp increased its holdings in shares of Eldorado Gold by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,132 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 1,630 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Eldorado Gold by 350.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 684,570 shares of the basic materials company’s stock valued at $6,108,000 after purchasing an additional 532,453 shares in the last quarter. TD Asset Management Inc increased its stake in Eldorado Gold by 4.8% in the 3rd quarter. TD Asset Management Inc now owns 529,163 shares of the basic materials company’s stock valued at $4,744,000 after buying an additional 24,061 shares during the period. CIBC Asset Management Inc lifted its position in Eldorado Gold by 13.0% in the 3rd quarter. CIBC Asset Management Inc now owns 193,188 shares of the basic materials company’s stock worth $1,729,000 after buying an additional 22,292 shares in the last quarter. Finally, Helikon Investments Ltd boosted its stake in shares of Eldorado Gold by 1.7% during the 3rd quarter. Helikon Investments Ltd now owns 29,438,478 shares of the basic materials company’s stock valued at $262,297,000 after buying an additional 501,488 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Stock Performance

EGO opened at $15.20 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.53 and a current ratio of 3.39. The company has a market cap of $3.10 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 6.59 and a beta of 1.10. The stock has a 50-day moving average of $13.30 and a 200-day moving average of $12.31. Eldorado Gold Co. has a 52-week low of $8.30 and a 52-week high of $16.07.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. Eldorado Gold had a return on equity of 4.52% and a net margin of 11.43%. The firm had revenue of $306.90 million during the quarter. As a group, equities research analysts forecast that Eldorado Gold Co. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EGO. Stifel Canada downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Stifel Nicolaus reissued a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. Finally, CIBC raised their price objective on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Eldorado Gold currently has an average rating of “Hold” and a consensus target price of $13.30.

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.