Sapient Capital LLC Buys Shares of 11,625 Eldorado Gold Co. (NYSE:EGO)

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

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Eldorado Gold by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 70,132 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 1,630 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Eldorado Gold by 350.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 684,570 shares of the basic materials company’s stock valued at $6,108,000 after buying an additional 532,453 shares during the period. TD Asset Management Inc raised its holdings in Eldorado Gold by 4.8% in the 3rd quarter. TD Asset Management Inc now owns 529,163 shares of the basic materials company’s stock valued at $4,744,000 after buying an additional 24,061 shares during the last quarter. CIBC Asset Management Inc boosted its position in Eldorado Gold by 13.0% during the 3rd quarter. CIBC Asset Management Inc now owns 193,188 shares of the basic materials company’s stock worth $1,729,000 after buying an additional 22,292 shares during the period. Finally, Helikon Investments Ltd increased its position in Eldorado Gold by 1.7% in the 3rd quarter. Helikon Investments Ltd now owns 29,438,478 shares of the basic materials company’s stock valued at $262,297,000 after acquiring an additional 501,488 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

EGO has been the subject of a number of recent research reports. TD Securities decreased their price objective on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a report on Monday, February 26th. Stifel Canada downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. Finally, National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.30.

Eldorado Gold Stock Up 1.0 %

Shares of NYSE EGO opened at $15.09 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.50 and a quick ratio of 2.52. The company has a 50-day moving average price of $13.92 and a 200-day moving average price of $12.60. The stock has a market capitalization of $3.08 billion, a P/E ratio of 26.46, a P/E/G ratio of 4.90 and a beta of 1.12. Eldorado Gold Co. has a 1 year low of $8.30 and a 1 year high of $16.07.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Friday, April 26th. The basic materials company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. The firm had revenue of $257.97 million during the quarter. During the same period last year, the company earned $0.11 earnings per share. On average, equities research analysts forecast that Eldorado Gold Co. will post 0.95 EPS 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.