7,600 Shares in Eldorado Gold Co. (NYSE:EGO) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,600 shares of the basic materials company’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Eldorado Gold in the 4th quarter valued at approximately $1,249,000. Keybank National Association OH lifted its position in Eldorado Gold by 17.8% in the 4th quarter. Keybank National Association OH now owns 34,137 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 5,148 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Eldorado Gold in the 4th quarter valued at approximately $55,000. Navellier & Associates Inc. lifted its position in Eldorado Gold by 20.4% in the 4th quarter. Navellier & Associates Inc. now owns 60,889 shares of the basic materials company’s stock valued at $905,000 after acquiring an additional 10,334 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in Eldorado Gold by 16.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock valued at $297,000 after acquiring an additional 2,775 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Price Performance

NYSE EGO opened at $14.49 on Monday. The business’s fifty day moving average price is $14.77 and its 200-day moving average price is $16.06. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.35 and a beta of 1.11. 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 Co. has a 1-year low of $11.98 and a 1-year high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, equities analysts predict that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

EGO has been the topic of several analyst reports. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Scotiabank lowered their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

About Eldorado Gold

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.