Savant Capital LLC Buys New Stake in Eldorado Gold Corporation $EGO

Savant Capital LLC purchased a new stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) during the second quarter, HoldingsChannel reports. The fund purchased 14,029 shares of the basic materials company’s stock, valued at approximately $285,000.

Several other institutional investors have also bought and sold shares of the business. Jennison Associates LLC grew its stake in shares of Eldorado Gold by 10.3% in the 2nd quarter. Jennison Associates LLC now owns 7,990,223 shares of the basic materials company’s stock worth $162,521,000 after buying an additional 744,419 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Eldorado Gold in the second quarter worth about $32,000. TD Asset Management Inc increased its stake in Eldorado Gold by 4.6% during the second quarter. TD Asset Management Inc now owns 605,415 shares of the basic materials company’s stock worth $12,299,000 after acquiring an additional 26,838 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Eldorado Gold by 10.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 278,300 shares of the basic materials company’s stock valued at $5,669,000 after purchasing an additional 26,000 shares during the period. Finally, Ruffer LLP lifted its stake in shares of Eldorado Gold by 10.2% in the 2nd quarter. Ruffer LLP now owns 1,093,553 shares of the basic materials company’s stock valued at $22,243,000 after purchasing an additional 101,456 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $27.95 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. The company has a market capitalization of $5.62 billion, a PE ratio of 14.04, a P/E/G ratio of 0.29 and a beta of 0.49. The company has a 50 day moving average price of $27.64 and a 200-day moving average price of $23.51. Eldorado Gold Corporation has a fifty-two week low of $13.29 and a fifty-two week high of $30.89.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.08). The firm had revenue of $436.44 million for the quarter, compared to analysts’ expectations of $422.25 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%. As a group, equities analysts forecast that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EGO shares. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. CIBC lifted their price target on shares of Eldorado Gold from $32.00 to $46.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Bank of America upped their price target on shares of Eldorado Gold from $25.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.00.

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.