Eldorado Gold Co. (NYSE:EGO) Shares Sold by Helikon Investments Ltd

Helikon Investments Ltd cut its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,675,388 shares of the basic materials company’s stock after selling 467,345 shares during the quarter. Eldorado Gold comprises about 33.6% of Helikon Investments Ltd’s holdings, making the stock its largest position. Helikon Investments Ltd owned 13.57% of Eldorado Gold worth $389,393,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust acquired a new stake in Eldorado Gold in the fourth quarter worth $35,000. C M Bidwell & Associates Ltd. acquired a new stake in Eldorado Gold in the fourth quarter worth $37,000. Tobam acquired a new stake in Eldorado Gold in the fourth quarter worth $68,000. Aigen Investment Management LP acquired a new stake in Eldorado Gold in the fourth quarter worth $134,000. Finally, Sapient Capital LLC acquired a new position in shares of Eldorado Gold during the fourth quarter valued at about $151,000. 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 issued reports on the stock. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Monday. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Royal Bank of Canada upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $14.00 to $20.00 in a report on Wednesday, May 29th. Finally, Scotiabank lifted their price objective on shares of Eldorado Gold from $15.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.60.

Eldorado Gold Stock Up 1.0 %

Shares of EGO traded up $0.14 during trading hours on Tuesday, reaching $14.82. 891,255 shares of the stock traded hands, compared to its average volume of 1,578,941. The company has a current ratio of 3.50, a quick ratio of 2.52 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $15.20 and a 200 day simple moving average of $13.65. Eldorado Gold Co. has a 52 week low of $8.30 and a 52 week high of $16.69. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 0.27 and a beta of 0.92.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Friday, April 26th. The basic materials company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $257.97 million for the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. During the same period in the prior year, the firm posted $0.11 EPS. On average, equities analysts forecast that Eldorado Gold Co. will post 1.09 EPS for the current year.

Eldorado Gold 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.