31,926 Shares in Eldorado Gold Co. (NYSE:EGO) Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. purchased a new stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,926 shares of the basic materials company’s stock, valued at approximately $555,000.

A number of other large investors have also recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new stake in shares of Eldorado Gold during the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted its stake in Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,336 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold during the 3rd quarter worth approximately $36,000. Point72 DIFC Ltd acquired a new stake in shares of Eldorado Gold during the 2nd quarter worth approximately $74,000. Finally, Tobam grew 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 worth $74,000 after buying an additional 651 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Price Performance

Shares of NYSE EGO opened at $16.00 on Friday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 11.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The firm’s 50-day simple moving average is $17.02 and its 200 day simple moving average is $16.49.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The company had revenue of $331.76 million for the quarter. During the same quarter in the prior year, the business earned $0.17 EPS. As a group, research analysts anticipate that Eldorado Gold Co. will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EGO has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank raised their target price on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. TD Securities dropped their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.88.

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.