Eldorado Gold Corporation $EGO Shares Sold by Leuthold Group LLC

Leuthold Group LLC cut its holdings in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 171,214 shares of the basic materials company’s stock after selling 2,686 shares during the period. Leuthold Group LLC owned about 0.08% of Eldorado Gold worth $3,482,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Eldorado Gold by 10.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 278,300 shares of the basic materials company’s stock valued at $5,669,000 after purchasing an additional 26,000 shares during the last quarter. LPL Financial LLC increased its stake in shares of Eldorado Gold by 645.2% in the first quarter. LPL Financial LLC now owns 167,708 shares of the basic materials company’s stock valued at $2,821,000 after purchasing an additional 145,202 shares during the period. Amundi raised its holdings in shares of Eldorado Gold by 17.7% during the first quarter. Amundi now owns 1,289,210 shares of the basic materials company’s stock valued at $22,806,000 after buying an additional 193,586 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Eldorado Gold by 10.3% during the second quarter. Jennison Associates LLC now owns 7,990,223 shares of the basic materials company’s stock worth $162,521,000 after buying an additional 744,419 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Eldorado Gold during the second quarter worth approximately $644,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EGO. Weiss Ratings reiterated a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, October 8th. CIBC increased their price objective on Eldorado Gold from $32.00 to $46.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Wall Street Zen lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Bank of America boosted their price objective on Eldorado Gold from $25.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Eldorado Gold Trading Up 2.2%

NYSE EGO opened at $31.36 on Friday. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28. Eldorado Gold Corporation has a 1-year low of $13.29 and a 1-year high of $31.43. The firm’s fifty day simple moving average is $27.90 and its 200-day simple moving average is $24.03. The company has a market capitalization of $6.30 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.29 and a beta of 0.49.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, October 30th. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The firm had revenue of $436.44 million during the quarter, compared to analysts’ expectations of $422.25 million. As a group, sell-side analysts anticipate that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

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.