Sprott Inc. Sells 90,059 Shares of Eldorado Gold Co. (NYSE:EGO)

Sprott Inc. trimmed its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 713,431 shares of the basic materials company’s stock after selling 90,059 shares during the quarter. Sprott Inc.’s holdings in Eldorado Gold were worth $10,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Eldorado Gold during the third quarter worth about $36,000. Atria Wealth Solutions Inc. grew its stake in shares of Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock worth $297,000 after purchasing an additional 2,775 shares during the last quarter. Toronto Dominion Bank increased its holdings in Eldorado Gold by 84.9% during the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 8,512 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Eldorado Gold during the 3rd quarter valued at approximately $394,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EGO shares. 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 report on Friday, February 7th. TD Securities cut 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. Finally, StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Hold” and a consensus price target of $20.00.

Eldorado Gold Trading Up 0.2 %

EGO opened at $14.14 on Wednesday. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a 52 week low of $10.03 and a 52 week high of $19.06. The stock has a market cap of $2.90 billion, a PE ratio of 10.10 and a beta of 0.93. The business has a 50 day moving average of $14.93 and a 200-day moving average of $16.26.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. The business had revenue of $435.70 million during the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. Equities research analysts predict that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold 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.