Eldorado Gold Co. (NYSE:EGO) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. raised its stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 232.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,910 shares of the basic materials company’s stock after acquiring an additional 1,336 shares during the period. Blue Trust Inc.’s holdings in Eldorado Gold were worth $33,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EGO. Vanguard Group Inc. grew its holdings in shares of Eldorado Gold by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,774,270 shares of the basic materials company’s stock valued at $87,862,000 after purchasing an additional 79,670 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Eldorado Gold in the first quarter valued at approximately $36,374,000. SG Americas Securities LLC grew its holdings in shares of Eldorado Gold by 59.6% in the first quarter. SG Americas Securities LLC now owns 22,303 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 8,326 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Eldorado Gold by 9.8% in the first quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock valued at $196,261,000 after purchasing an additional 1,240,732 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Eldorado Gold by 20.9% in the first quarter. Hillsdale Investment Management Inc. now owns 2,137,927 shares of the basic materials company’s stock valued at $30,065,000 after purchasing an additional 369,127 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

EGO has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. CIBC lifted their price objective on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Finally, Scotiabank lifted their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.38.

Eldorado Gold Stock Down 5.9 %

Shares of Eldorado Gold stock opened at $16.34 on Friday. Eldorado Gold Co. has a 52-week low of $9.72 and a 52-week high of $19.06. The company has a 50 day moving average of $17.42 and a 200 day moving average of $16.33. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.35 billion, a P/E ratio of 19.45 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. The company had revenue of $331.76 million during the quarter. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, research analysts forecast that Eldorado Gold Co. will post 1.45 EPS for the current fiscal year.

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.