Perpetual Ltd Acquires New Holdings in Eldorado Gold Co. (NYSE:EGO)

Perpetual Ltd bought a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 28,606 shares of the basic materials company’s stock, valued at approximately $425,000.

Several other large investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in shares of Eldorado Gold in the third quarter worth $32,000. Blue Trust Inc. raised its holdings in shares of Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Eldorado Gold during the 3rd quarter valued at about $36,000. Point72 DIFC Ltd purchased a new position in shares of Eldorado Gold during the second quarter worth about $74,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Eldorado Gold during the second quarter worth about $191,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock opened at $14.96 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a 52-week low of $9.72 and a 52-week high of $19.06. The company has a fifty day moving average of $15.61 and a 200-day moving average of $16.54. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 11.16 and a beta of 0.94.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same quarter in the previous year, the company earned $0.17 earnings per share. Equities research analysts expect that Eldorado Gold Co. will post 1.46 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Scotiabank dropped their target price on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating for the company in a research report on Tuesday. StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, TD Securities reduced their target price on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold presently has an average rating of “Hold” and an average target price of $20.50.

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.