Eldorado Gold Co. (NYSE:EGO) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lessened its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 6.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 634,591 shares of the basic materials company’s stock after selling 46,635 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Eldorado Gold were worth $9,434,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of Eldorado Gold by 130.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company’s stock worth $2,885,000 after acquiring an additional 94,040 shares during the last quarter. Navellier & Associates Inc. acquired a new stake in shares of Eldorado Gold during the 3rd quarter valued at about $878,000. JPMorgan Chase & Co. boosted its holdings in Eldorado Gold by 130.7% in the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company’s stock worth $2,607,000 after purchasing an additional 85,053 shares in the last quarter. Equinox Partners Investment Management LLC boosted its stake in shares of Eldorado Gold by 32.0% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after acquiring an additional 239,800 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Eldorado Gold by 33.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company’s stock valued at $3,515,000 after purchasing an additional 50,500 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EGO shares. TD Securities cut their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a report on Monday, November 4th. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Scotiabank reduced their price target on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.50.

Eldorado Gold Stock Up 0.1 %

Shares of EGO opened at $15.17 on Wednesday. The firm has a market cap of $3.11 billion, a P/E ratio of 11.32 and a beta of 0.94. The firm’s 50-day simple moving average is $15.57 and its 200 day simple moving average is $16.51. 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 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 results on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same period last year, the firm posted $0.17 EPS. On average, analysts forecast that Eldorado Gold Co. will post 1.49 earnings per share for the current 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.