11,625 Shares in Eldorado Gold Co. (NYSE:EGO) Acquired by Sapient Capital LLC

Sapient Capital LLC purchased a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,625 shares of the basic materials company’s stock, valued at approximately $151,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Helikon Investments Ltd boosted its holdings in Eldorado Gold by 1.7% in the third quarter. Helikon Investments Ltd now owns 29,438,478 shares of the basic materials company’s stock worth $262,297,000 after acquiring an additional 501,488 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Eldorado Gold by 10.8% in the third quarter. Van ECK Associates Corp now owns 21,446,611 shares of the basic materials company’s stock worth $191,091,000 after acquiring an additional 2,094,276 shares in the last quarter. BlackRock Inc. boosted its holdings in Eldorado Gold by 1.4% in the first quarter. BlackRock Inc. now owns 10,321,583 shares of the basic materials company’s stock worth $115,706,000 after acquiring an additional 141,298 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Eldorado Gold by 2.0% in the third quarter. Vanguard Group Inc. now owns 6,694,600 shares of the basic materials company’s stock worth $59,649,000 after acquiring an additional 128,430 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Eldorado Gold by 0.9% in the first quarter. Renaissance Technologies LLC now owns 4,656,829 shares of the basic materials company’s stock worth $48,245,000 after acquiring an additional 42,400 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EGO shares. Stifel Nicolaus reiterated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. CIBC raised their target price on Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, TD Securities dropped their target price on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.00.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at $15.06 on Wednesday. The business’s fifty day simple moving average is $12.78 and its 200 day simple moving average is $12.02. The firm has a market capitalization of $3.07 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 6.45 and a beta of 1.10. Eldorado Gold Co. has a 12 month low of $8.30 and a 12 month high of $16.01. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $306.90 million for the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. As a group, analysts anticipate that Eldorado Gold Co. will post 0.76 EPS for the current 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.