Sanctuary Advisors LLC Makes New $488,000 Investment in Eldorado Gold Co. (NYSE:EGO)

Sanctuary Advisors LLC purchased a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,118 shares of the basic materials company’s stock, valued at approximately $488,000.

Other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in shares of Eldorado Gold in the 2nd quarter valued at approximately $74,000. Tobam boosted its holdings 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 worth $74,000 after buying an additional 651 shares during the period. Headlands Technologies LLC acquired a new position in Eldorado Gold in the 2nd quarter valued at $97,000. Virtu Financial LLC bought a new position in Eldorado Gold in the 1st quarter worth $165,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Eldorado Gold during the 2nd quarter worth $191,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Up 1.0 %

Shares of EGO stock opened at $17.90 on Wednesday. The stock has a market cap of $3.66 billion, a P/E ratio of 31.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.62 and a quick ratio of 2.65. The stock has a fifty day moving average price of $17.24 and a 200 day moving average price of $16.09. Eldorado Gold Co. has a one year low of $9.62 and a one year high of $18.85.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results 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 business had revenue of $297.14 million for the quarter. During the same quarter last year, the firm posted $0.09 earnings per share. Analysts predict that Eldorado Gold Co. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.