Eldorado Gold Co. (NYSE:EGO) Shares Sold by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC reduced its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949,810 shares of the basic materials company’s stock after selling 39,566 shares during the period. Eldorado Gold makes up approximately 9.6% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 4th biggest position. Equinox Partners Investment Management LLC’s holdings in Eldorado Gold were worth $14,124,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Navellier & Associates Inc. grew its stake in shares of Eldorado Gold by 20.4% during the fourth quarter. Navellier & Associates Inc. now owns 60,889 shares of the basic materials company’s stock worth $905,000 after buying an additional 10,334 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Eldorado Gold by 16.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock worth $297,000 after buying an additional 2,775 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Eldorado Gold by 0.3% during the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock worth $3,737,000 after buying an additional 804 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Eldorado Gold by 12.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 227,300 shares of the basic materials company’s stock worth $3,376,000 after buying an additional 25,300 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock worth $105,431,000 after buying an additional 1,058,137 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Up 5.3 %

Shares of NYSE:EGO opened at $14.12 on Tuesday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 10.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The business’s 50-day moving average is $14.97 and its 200-day moving average is $16.27. Eldorado Gold Co. has a 1 year low of $10.03 and a 1 year high of $19.06.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EGO shares. StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. TD Securities reduced their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Scotiabank reduced their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.00.

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.