Toronto Dominion Bank Cuts Stock Position in Eldorado Gold Co. (NYSE:EGO)

Toronto Dominion Bank trimmed its position in shares of Eldorado Gold Co. (NYSE:EGO – Get Rating) (TSE:ELD) by 69.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,963 shares of the basic materials company’s stock after selling 133,824 shares during the period. Toronto Dominion Bank’s holdings in Eldorado Gold were worth $484,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its position in Eldorado Gold by 2.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 141,562 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 2,804 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Eldorado Gold by 11.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 18,544 shares of the basic materials company’s stock worth $208,000 after buying an additional 1,944 shares during the last quarter. Citigroup Inc. acquired a new position in shares of Eldorado Gold during the 1st quarter worth approximately $1,128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Eldorado Gold by 24.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,921 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 4,510 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Eldorado Gold by 1.4% in the 1st quarter. BlackRock Inc. now owns 10,321,583 shares of the basic materials company’s stock valued at $115,706,000 after acquiring an additional 141,298 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Bank of America initiated coverage on Eldorado Gold in a research report on Friday, March 10th. They issued an “underperform” rating and a $8.90 target price for the company. National Bank Financial boosted their price objective on Eldorado Gold from C$16.50 to C$17.50 in a research report on Tuesday, April 18th. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Stifel Nicolaus cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, TD Securities increased their target price on Eldorado Gold from $11.50 to $12.00 and gave the company a “hold” rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $13.08.

Eldorado Gold Price Performance

EGO stock opened at $11.68 on Thursday. The firm has a market cap of $2.16 billion, a P/E ratio of -292.00 and a beta of 1.24. The company has a quick ratio of 1.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $10.54 and its two-hundred day moving average price is $8.99. Eldorado Gold Co. has a 12 month low of $5.06 and a 12 month high of $12.11.

Eldorado Gold (NYSE:EGO – Get Rating) (TSE:ELD) last posted its quarterly earnings results on Thursday, February 23rd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. Eldorado Gold had a positive return on equity of 1.62% and a negative net margin of 1.10%. The firm had revenue of $246.20 million for the quarter. On average, analysts anticipate that Eldorado Gold Co. will post 0.46 earnings per share for the current fiscal year.

Eldorado Gold Profile

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Eldorado Gold Corp. engages in the mining, development, and exploration of gold. It operates through the following segment: Turkey, Canada, and Greece. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.