Generali Investments CEE investicni spolecnost a.s. Purchases New Position in Eldorado Gold Co. (NYSE:EGO)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,600 shares of the basic materials company’s stock, valued at approximately $113,000.

A number of other hedge funds also recently bought and sold shares of EGO. Versor Investments LP increased its holdings in Eldorado Gold by 7.0% during the 3rd quarter. Versor Investments LP now owns 60,014 shares of the basic materials company’s stock valued at $1,043,000 after purchasing an additional 3,900 shares during the period. Tacita Capital Inc purchased a new position in Eldorado Gold during the 3rd quarter valued at about $467,000. Banque Cantonale Vaudoise purchased a new position in Eldorado Gold during the 3rd quarter valued at about $36,000. Jennison Associates LLC increased its holdings 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 valued at $104,777,000 after purchasing an additional 2,376,241 shares during the period. Finally, Navellier & Associates Inc. purchased a new position in Eldorado Gold during the 3rd quarter valued at about $878,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Up 1.2 %

EGO stock opened at $14.49 on Monday. Eldorado Gold Co. has a fifty-two week low of $11.98 and a fifty-two week high of $19.06. The business’s 50 day moving average price is $14.77 and its two-hundred day moving average price is $16.06. 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 company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.35 and a beta of 1.11.

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, topping the consensus estimate 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 return on equity of 8.74% and a net margin of 21.86%. As a group, analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Scotiabank reduced their target price 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.