Atria Wealth Solutions Inc. Decreases Position in Eldorado Gold Corporation $EGO

Atria Wealth Solutions Inc. lessened its holdings in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 50.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,000 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Eldorado Gold were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Continuum Advisory LLC lifted its holdings in shares of Eldorado Gold by 335.3% during the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,945 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Eldorado Gold by 142.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 5,294 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Eldorado Gold during the 1st quarter valued at $186,000. XTX Topco Ltd purchased a new stake in shares of Eldorado Gold during the 1st quarter valued at $207,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Eldorado Gold during the 1st quarter valued at $250,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Price Performance

Shares of EGO opened at $26.21 on Thursday. The business’s 50-day moving average is $26.73 and its two-hundred day moving average is $22.34. The company has a market capitalization of $5.33 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. Eldorado Gold Corporation has a fifty-two week low of $13.29 and a fifty-two week high of $30.89.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its 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 net margin of 26.07% and a return on equity of 8.79%. The business had revenue of $459.53 million for the quarter, compared to analyst estimates of $401.85 million. Research analysts predict that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on EGO. Scotiabank reiterated a “sector perform” rating on shares of Eldorado Gold in a report on Monday, August 11th. Wall Street Zen lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a research note on Wednesday, October 8th. Bank of America raised their target price on Eldorado Gold from $25.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. Finally, CIBC raised their target price on Eldorado Gold from $32.00 to $46.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

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.