Eldorado Gold Co. (NYSE:EGO) Shares Sold by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC decreased its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 749,576 shares of the basic materials company’s stock after selling 100,400 shares during the quarter. Eldorado Gold makes up 7.1% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 4th biggest position. Equinox Partners Investment Management LLC’s holdings in Eldorado Gold were worth $11,086,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of Eldorado Gold in the 4th quarter valued at about $1,970,000. Sapient Capital LLC bought a new position in Eldorado Gold during the 4th quarter worth approximately $151,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Eldorado Gold by 42.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,122 shares of the basic materials company’s stock worth $576,000 after acquiring an additional 13,151 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of Eldorado Gold in the 4th quarter valued at approximately $32,473,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Eldorado Gold during the 4th quarter valued at approximately $24,273,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of EGO traded up $0.33 during mid-day trading on Friday, reaching $17.68. 1,389,452 shares of the company’s stock traded hands, compared to its average volume of 1,563,969. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62. The business’s 50-day moving average price is $15.85 and its 200-day moving average price is $14.47. The stock has a market capitalization of $3.62 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 0.25 and a beta of 0.91. Eldorado Gold Co. has a 12 month low of $8.30 and a 12 month high of $17.73.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $297.14 million during the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same quarter last year, the firm posted $0.09 EPS. Equities analysts predict that Eldorado Gold Co. will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on EGO shares. Scotiabank boosted their target price on shares of Eldorado Gold from $15.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $20.00 in a research note on Wednesday, May 29th. Finally, CIBC increased their price target on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Hold” and a consensus target price of $16.50.

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.