Banque Cantonale Vaudoise Purchases New Stake in Eldorado Gold Co. (NYSE:EGO)

Banque Cantonale Vaudoise acquired a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,065 shares of the basic materials company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Tacita Capital Inc acquired a new stake in shares of Eldorado Gold in the third quarter valued at about $467,000. Versor Investments LP lifted its position in shares of Eldorado Gold by 7.0% during the 3rd quarter. Versor Investments LP now owns 60,014 shares of the basic materials company’s stock valued at $1,043,000 after acquiring an additional 3,900 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Eldorado Gold during the 3rd quarter valued at approximately $32,000. International Assets Investment Management LLC purchased a new stake in shares of Eldorado Gold during the 3rd quarter worth approximately $394,000. Finally, U S Global Investors Inc. grew its holdings in shares of Eldorado Gold by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company’s stock worth $4,812,000 after acquiring an additional 15,351 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Trading Down 0.6 %

Eldorado Gold stock opened at $16.56 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 12.36 and a beta of 0.95. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $17.15 and a 200 day moving average price of $16.48. Eldorado Gold Co. has a 52 week low of $9.72 and a 52 week high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The business had revenue of $331.76 million during the quarter. During the same period in the prior year, the firm earned $0.17 EPS. Equities research analysts predict that Eldorado Gold Co. will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EGO. Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank boosted their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, TD Securities reduced their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.88.

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.