Barclays PLC Has $3.06 Million Holdings in Eldorado Gold Co. (NYSE:EGO)

Barclays PLC grew its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 18.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 176,381 shares of the basic materials company’s stock after acquiring an additional 27,667 shares during the period. Barclays PLC’s holdings in Eldorado Gold were worth $3,064,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in Eldorado Gold by 130.5% in the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company’s stock valued at $2,885,000 after acquiring an additional 94,040 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Eldorado Gold in the 2nd quarter valued at $2,238,000. Navellier & Associates Inc. bought a new stake in Eldorado Gold in the third quarter worth $878,000. Maverick Capital Ltd. acquired a new position in Eldorado Gold during the second quarter worth $1,256,000. Finally, Equinox Partners Investment Management LLC raised its holdings in Eldorado Gold by 32.0% during the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock valued at $17,185,000 after buying an additional 239,800 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, Royal Bank of Canada boosted 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. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $20.88.

Eldorado Gold Stock Performance

Shares of NYSE EGO opened at $15.18 on Tuesday. Eldorado Gold Co. has a 12 month low of $9.72 and a 12 month high of $19.06. The company has a market cap of $3.11 billion, a P/E ratio of 11.33 and a beta of 0.93. The business’s 50 day moving average is $16.56 and its two-hundred day moving average is $16.53. 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 (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The business had revenue of $331.76 million for the quarter. During the same period last year, the firm posted $0.17 EPS. On average, equities analysts expect that Eldorado Gold Co. will post 1.42 EPS for the current year.

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.