Credit Agricole S A Boosts Stock Position in Eldorado Gold Corporation $EGO

Credit Agricole S A grew its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 118.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,850 shares of the basic materials company’s stock after purchasing an additional 70,518 shares during the period. Credit Agricole S A owned approximately 0.06% of Eldorado Gold worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Eldorado Gold in the first quarter valued at approximately $374,000. Allspring Global Investments Holdings LLC lifted its holdings in Eldorado Gold by 11.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company’s stock valued at $4,242,000 after acquiring an additional 25,000 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in Eldorado Gold by 43.5% in the first quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company’s stock valued at $63,970,000 after acquiring an additional 1,152,909 shares during the last quarter. LPL Financial LLC lifted its holdings in Eldorado Gold by 645.2% in the first quarter. LPL Financial LLC now owns 167,708 shares of the basic materials company’s stock valued at $2,821,000 after acquiring an additional 145,202 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Eldorado Gold by 2.5% in the first quarter. TD Asset Management Inc now owns 578,577 shares of the basic materials company’s stock valued at $9,724,000 after acquiring an additional 14,180 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Stock Up 1.8%

NYSE:EGO opened at $23.4960 on Friday. The company has a quick ratio of 2.65, a current ratio of 3.23 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $21.20 and its two-hundred day moving average is $18.72. Eldorado Gold Corporation has a 52 week low of $13.29 and a 52 week high of $23.74. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.37 and a beta of 0.37.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%.The firm had revenue of $459.53 million for the quarter, compared to analyst estimates of $401.85 million. Research analysts anticipate that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

EGO has been the topic of a number of recent analyst reports. Canaccord Genuity Group decreased their price objective on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, May 5th. CIBC reiterated an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, July 15th. Wall Street Zen cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Scotiabank reiterated a “sector perform” rating on shares of Eldorado Gold in a report on Monday, August 11th. Finally, National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.60.

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.