Coldstream Capital Management Inc. Invests $302,000 in Eldorado Gold Co. (NYSE:EGO)

Coldstream Capital Management Inc. acquired a new stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,296 shares of the basic materials company’s stock, valued at approximately $302,000.

Other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its holdings in shares of Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 682 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Eldorado Gold in the fourth quarter valued at about $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Eldorado Gold during the fourth quarter worth about $113,000. Tradition Wealth Management LLC acquired a new position in Eldorado Gold during the fourth quarter worth about $153,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Eldorado Gold in the fourth quarter worth about $183,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EGO shares. Scotiabank upped their price target on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a “sector perform” rating in a report on Monday, April 14th. Royal Bank of Canada increased their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

Eldorado Gold Trading Down 0.9 %

Shares of EGO stock opened at $18.68 on Friday. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $20.65. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 13.34 and a beta of 0.81. The stock has a 50-day moving average of $16.73 and a 200-day moving average of $16.10.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, equities research analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share 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.