Public Employees Retirement System of Ohio Sells 79,184 Shares of Eldorado Gold Corporation $EGO

Public Employees Retirement System of Ohio lowered its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 40.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,100 shares of the basic materials company’s stock after selling 79,184 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Eldorado Gold were worth $3,939,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EGO. Linden Thomas Advisory Services LLC boosted its position in shares of Eldorado Gold by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 318 shares in the last quarter. Savant Capital LLC increased its position in shares of Eldorado Gold by 2.7% in the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock valued at $508,000 after buying an additional 371 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Eldorado Gold by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock valued at $1,794,000 after buying an additional 582 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in Eldorado Gold during the 4th quarter worth $33,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Eldorado Gold by 8.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,904 shares of the basic materials company’s stock worth $428,000 after buying an additional 949 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EGO has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their target price on Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. TD Securities cut their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Research cut Eldorado Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, TD Cowen dropped their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.83.

Eldorado Gold Price Performance

Shares of NYSE EGO opened at $32.76 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 11.66, a PEG ratio of 0.22 and a beta of 0.62. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. Eldorado Gold Corporation has a 1-year low of $20.39 and a 1-year high of $51.16. The company has a fifty day moving average price of $31.38 and a 200 day moving average price of $35.85.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%. Research analysts predict that Eldorado Gold Corporation will post 3.41 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.