Barclays PLC Sells 7,347 Shares of Eldorado Gold Co. (NYSE:EGO)

Barclays PLC cut its stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,034 shares of the basic materials company’s stock after selling 7,347 shares during the quarter. Barclays PLC owned approximately 0.08% of Eldorado Gold worth $2,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EGO. SBI Securities Co. Ltd. bought a new stake in Eldorado Gold in the fourth quarter valued at approximately $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Eldorado Gold in the 4th quarter worth approximately $113,000. Envestnet Asset Management Inc. bought a new stake in shares of Eldorado Gold in the 4th quarter valued at $183,000. Fox Run Management L.L.C. acquired a new stake in shares of Eldorado Gold during the fourth quarter worth $254,000. Finally, Cerity Partners LLC bought a new position in Eldorado Gold during the fourth quarter worth $287,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Price Performance

Shares of EGO opened at $18.80 on Thursday. The stock has a market cap of $3.86 billion, a P/E ratio of 13.43 and a beta of 0.81. The business’s fifty day moving average is $16.63 and its 200 day moving average is $16.09. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a 12-month low of $13.29 and a 12-month high of $20.65.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on EGO shares. Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Thursday, April 10th. Scotiabank lifted their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Finally, National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.38.

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.