Axa S.A. Has $3.69 Million Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

Axa S.A. increased its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 243.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 247,921 shares of the basic materials company’s stock after purchasing an additional 175,689 shares during the period. Axa S.A.’s holdings in Eldorado Gold were worth $3,687,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Canaccord Genuity Group cut their target price on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday. Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Thursday, April 10th. Finally, National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold presently has a consensus rating of “Moderate Buy” and an average target price of $21.70.

Eldorado Gold Stock Performance

Shares of EGO opened at $19.97 on Thursday. The stock has a 50 day moving average of $17.16 and a 200 day moving average of $16.13. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $20.65. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 14.27 and a beta of 0.42.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.04). The business had revenue of $341.59 million for the quarter, compared to analysts’ expectations of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, sell-side analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

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.