HighTower Advisors LLC Makes New $461,000 Investment in Eldorado Gold Co. (NYSE:EGO)

HighTower Advisors LLC acquired a new stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 30,987 shares of the basic materials company’s stock, valued at approximately $461,000.

Several other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Eldorado Gold during the 4th quarter worth $55,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Eldorado Gold during the fourth quarter worth about $113,000. Toronto Dominion Bank raised its position in shares of Eldorado Gold by 84.9% in the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock valued at $322,000 after buying an additional 8,512 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in Eldorado Gold by 16.1% in the fourth 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 during the last quarter. Finally, Perpetual Ltd bought a new stake in shares of Eldorado Gold during the 4th quarter worth $425,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Price Performance

Shares of NYSE EGO opened at $16.76 on Monday. 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 fifty day simple moving average of $14.87 and a 200 day simple moving average of $15.92. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $19.06. The company has a market capitalization of $3.43 billion, a PE ratio of 11.97 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank reduced their price objective on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Eldorado Gold has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.