Amundi Has $17.59 Million Stake in Eldorado Gold Co. (NYSE:EGO)

Amundi increased its stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 13.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,095,624 shares of the basic materials company’s stock after buying an additional 130,848 shares during the quarter. Amundi’s holdings in Eldorado Gold were worth $17,585,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in shares of Eldorado Gold during the 3rd quarter valued at $36,000. Jennison Associates LLC increased its position in shares of Eldorado Gold by 65.0% in the third 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 during the period. Navellier & Associates Inc. acquired a new position in Eldorado Gold in the third quarter valued at about $878,000. Independent Advisor Alliance bought a new stake in Eldorado Gold during the third quarter worth about $544,000. Finally, The Manufacturers Life Insurance Company lifted its position in Eldorado Gold by 55.9% during the third quarter. The Manufacturers Life Insurance Company now owns 264,111 shares of the basic materials company’s stock worth $4,592,000 after purchasing an additional 94,676 shares during the period. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

EGO has been the topic of several recent analyst reports. Scotiabank decreased their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a report on Friday, February 7th. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Eldorado Gold Stock Performance

NYSE:EGO opened at $15.30 on Friday. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.13 billion, a PE ratio of 10.93 and a beta of 1.11. Eldorado Gold Co. has a twelve month low of $12.36 and a twelve month high of $19.06. The stock’s 50-day simple moving average is $14.75 and its 200 day simple moving average is $16.00.

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

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.