Versor Investments LP Has $471,000 Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

Versor Investments LP decreased its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 47.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,714 shares of the basic materials company’s stock after selling 28,300 shares during the period. Versor Investments LP’s holdings in Eldorado Gold were worth $471,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,336 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Eldorado Gold during the 3rd quarter valued at about $394,000. Tacita Capital Inc bought a new position in shares of Eldorado Gold during the 3rd quarter valued at about $467,000. Banque Cantonale Vaudoise acquired a new position in shares of Eldorado Gold in the 3rd quarter valued at approximately $36,000. Finally, Jennison Associates LLC increased its stake in Eldorado Gold by 65.0% during the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock worth $104,777,000 after purchasing an additional 2,376,241 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

EGO has been the subject of several research analyst reports. Scotiabank reduced their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a report on Friday, February 7th. TD Securities reduced their price target 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, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Eldorado Gold Stock Performance

EGO opened at $13.78 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The business’s 50-day simple moving average is $14.87 and its 200 day simple moving average is $16.20. The firm has a market capitalization of $2.82 billion, a PE ratio of 9.85 and a beta of 0.93. Eldorado Gold Co. has a 52-week low of $10.24 and a 52-week high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. As a group, sell-side analysts expect that Eldorado Gold Co. will post 1.5 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.