Eldorado Gold Co. (NYSE:EGO) Shares Sold by Boston Partners

Boston Partners lowered its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,044,937 shares of the basic materials company’s stock after selling 54,651 shares during the period. Boston Partners owned 1.00% of Eldorado Gold worth $29,071,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EGO. Vanguard Group Inc. boosted its stake in Eldorado Gold by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,694,600 shares of the basic materials company’s stock worth $59,649,000 after purchasing an additional 128,430 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at about $1,970,000. Tobam acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at about $68,000. Sapient Capital LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at about $151,000. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at about $18,548,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EGO has been the subject of several recent analyst reports. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Scotiabank raised their price objective on shares of Eldorado Gold from $15.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. CIBC raised their target price on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, Royal Bank of Canada upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $14.00 to $20.00 in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.50.

Eldorado Gold Trading Up 0.5 %

Shares of NYSE EGO traded up $0.09 during midday trading on Friday, reaching $16.84. 3,716,827 shares of the stock were exchanged, compared to its average volume of 1,189,421. The company has a market capitalization of $3.45 billion, a P/E ratio of 29.54, a P/E/G ratio of 0.25 and a beta of 0.91. Eldorado Gold Co. has a 52-week low of $8.30 and a 52-week high of $17.30. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $15.77 and a 200-day moving average price of $14.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $297.14 million during the quarter. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. During the same quarter last year, the firm earned $0.09 earnings per share. Equities research analysts expect that Eldorado Gold Co. will post 1.32 earnings per share for the current fiscal year.

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.