Tacita Capital Inc Has $382,000 Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

Tacita Capital Inc trimmed its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,731 shares of the basic materials company’s stock after selling 1,109 shares during the quarter. Tacita Capital Inc’s holdings in Eldorado Gold were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in shares of Eldorado Gold by 0.3% during the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock valued at $3,737,000 after purchasing an additional 804 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Eldorado Gold during the third quarter valued at about $36,000. Atria Wealth Solutions Inc. boosted its stake in shares of Eldorado Gold by 16.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock valued at $297,000 after purchasing an additional 2,775 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Eldorado Gold during the fourth quarter valued at about $55,000. Finally, Versor Investments LP boosted its stake in shares of Eldorado Gold by 7.0% during the third quarter. Versor Investments LP now owns 60,014 shares of the basic materials company’s stock valued at $1,043,000 after purchasing an additional 3,900 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EGO shares. TD Securities cut 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 raised Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Scotiabank cut their price objective 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. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Eldorado Gold Trading Down 1.5 %

Shares of EGO stock opened at $13.56 on Tuesday. The company has a market cap of $2.78 billion, a P/E ratio of 9.69 and a beta of 0.93. The stock has a 50 day simple moving average of $14.83 and a two-hundred day simple moving average of $16.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a fifty-two week low of $10.93 and a fifty-two week high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. Research analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current 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.