Eldorado Gold Co. (NYSE:EGO) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,188,923 shares of the basic materials company’s stock after selling 39,010 shares during the quarter. Schroder Investment Management Group owned about 0.58% of Eldorado Gold worth $17,477,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in Eldorado Gold by 0.3% during the 4th quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock worth $3,737,000 after acquiring an additional 804 shares during the period. Swiss National Bank raised its stake in shares of Eldorado Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 403,620 shares of the basic materials company’s stock worth $6,000,000 after purchasing an additional 2,500 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings 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 purchasing an additional 2,775 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Eldorado Gold in the fourth quarter valued at approximately $55,000. Finally, Keybank National Association OH increased its holdings in Eldorado Gold by 17.8% in the 4th quarter. Keybank National Association OH now owns 34,137 shares of the basic materials company’s stock worth $508,000 after buying an additional 5,148 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Scotiabank dropped 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 report on Friday, February 7th. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Eldorado Gold Stock Performance

EGO opened at $17.92 on Thursday. The firm has a fifty day moving average price of $15.04 and a 200 day moving average price of $15.93. Eldorado Gold Co. has a 1 year low of $13.29 and a 1 year high of $19.06. The stock has a market cap of $3.67 billion, a P/E ratio of 12.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data 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 net margin of 21.86% and a return on equity of 8.74%. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Equities research analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

About Eldorado Gold

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.