Eldorado Gold Co. (NYSE:EGO) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 18.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,520 shares of the basic materials company’s stock after purchasing an additional 23,500 shares during the period. Gamco Investors INC. ET AL owned about 0.07% of Eldorado Gold worth $2,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EGO. Parkside Financial Bank & Trust purchased a new stake in shares of Eldorado Gold in the 4th quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. purchased a new position in Eldorado Gold in the fourth quarter valued at $37,000. Tobam acquired a new stake in Eldorado Gold in the fourth quarter valued at $68,000. Aigen Investment Management LP purchased a new stake in Eldorado Gold during the 4th quarter worth about $134,000. Finally, Sapient Capital LLC purchased a new stake in Eldorado Gold during the 4th quarter worth about $151,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Price Performance

EGO traded up $0.32 on Friday, hitting $16.01. 1,138,917 shares of the company were exchanged, compared to its average volume of 1,093,061. The business’s fifty day moving average is $15.69 and its 200 day moving average is $14.07. The firm has a market capitalization of $3.28 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 0.25 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.52 and a current ratio of 3.50. Eldorado Gold Co. has a fifty-two week low of $8.30 and a fifty-two week high of $17.28.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $297.14 million during the quarter. Eldorado Gold had a return on equity of 5.89% and a net margin of 15.67%. During the same period in the previous year, the business earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Eldorado Gold Co. will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $20.00 in a research report on Wednesday, May 29th. CIBC boosted their price objective on Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Scotiabank raised their target price on shares of Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.50.

Eldorado Gold Company 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.