Equinox Partners Investment Management LLC Decreases Holdings in Eldorado Gold Co. (NYSE:EGO)

Equinox Partners Investment Management LLC trimmed its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 949,810 shares of the basic materials company’s stock after selling 39,566 shares during the period. Eldorado Gold comprises approximately 9.6% of Equinox Partners Investment Management LLC’s holdings, making the stock its 4th largest holding. Equinox Partners Investment Management LLC owned about 0.46% of Eldorado Gold worth $14,124,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EGO. Jennison Associates LLC lifted its stake in shares of Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Eldorado Gold by 130.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company’s stock valued at $2,885,000 after purchasing an additional 94,040 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Eldorado Gold by 130.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company’s stock valued at $2,607,000 after purchasing an additional 85,053 shares during the period. Navellier & Associates Inc. acquired a new position in shares of Eldorado Gold in the 3rd quarter valued at $878,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Eldorado Gold by 33.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company’s stock valued at $3,515,000 after purchasing an additional 50,500 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Trading Up 5.3 %

Eldorado Gold stock opened at $14.12 on Tuesday. Eldorado Gold Co. has a 52 week low of $10.03 and a 52 week high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock has a market capitalization of $2.89 billion, a P/E ratio of 10.08 and a beta of 0.93. The stock has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $16.27.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data 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 company had revenue of $435.70 million during the quarter, compared to analysts’ expectations of $440.43 million. Analysts expect that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on EGO shares. TD Securities dropped their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, 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 note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $20.00.

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.