Versor Investments LP Acquires 3,900 Shares of Eldorado Gold Co. (NYSE:EGO)

Versor Investments LP increased its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,014 shares of the basic materials company’s stock after buying an additional 3,900 shares during the quarter. Versor Investments LP’s holdings in Eldorado Gold were worth $1,043,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Eldorado Gold in the third quarter valued at about $32,000. Blue Trust Inc. raised its position in Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares during the last quarter. Tobam raised its position in Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 651 shares during the last quarter. Point72 DIFC Ltd bought a new position in Eldorado Gold in the second quarter valued at about $74,000. Finally, Headlands Technologies LLC bought a new position in Eldorado Gold in the second quarter valued at about $97,000. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Trading Down 6.6 %

NYSE EGO opened at $15.55 on Tuesday. The business has a 50 day simple moving average of $17.29 and a 200 day simple moving average of $16.42. Eldorado Gold Co. has a one year low of $9.72 and a one year high of $19.06. The stock has a market capitalization of $3.19 billion, a P/E ratio of 11.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The firm had revenue of $331.76 million during the quarter. During the same period last year, the business posted $0.17 EPS. Research analysts expect that Eldorado Gold Co. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on EGO shares. Scotiabank increased their target price on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday. TD Securities lowered their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, Royal Bank of Canada raised their price objective on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.88.

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.