Eldorado Gold Co. (NYSE:EGO) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 30.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,450 shares of the basic materials company’s stock after acquiring an additional 3,876 shares during the period. XTX Topco Ltd’s holdings in Eldorado Gold were worth $243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new stake in shares of Eldorado Gold during the 4th quarter valued at approximately $37,000. Tobam raised its position in shares of Eldorado Gold by 14.8% during the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 651 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Eldorado Gold in the second quarter worth $97,000. Virtu Financial LLC acquired a new stake in Eldorado Gold in the first quarter worth $165,000. Finally, SG Americas Securities LLC increased its position in Eldorado Gold by 59.6% in the first quarter. SG Americas Securities LLC now owns 22,303 shares of the basic materials company’s stock worth $314,000 after buying an additional 8,326 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on EGO shares. CIBC increased their target price on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank increased their target price on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Royal Bank of Canada increased their target price on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.38.

Eldorado Gold Trading Down 4.8 %

NYSE:EGO opened at $17.60 on Friday. The business has a fifty day moving average of $17.02 and a 200-day moving average of $15.74. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 30.88 and a beta of 0.95. Eldorado Gold Co. has a 1 year low of $8.30 and a 1 year high of $18.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. The company had revenue of $297.14 million during the quarter. During the same quarter last year, the business posted $0.09 EPS. Equities analysts predict that Eldorado Gold Co. will post 1.4 earnings per share for the current 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.