Independent Advisor Alliance Invests $544,000 in Eldorado Gold Co. (NYSE:EGO)

Independent Advisor Alliance acquired a new stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the third quarter, according to its most recent filing with the SEC. The firm acquired 31,310 shares of the basic materials company’s stock, valued at approximately $544,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Eldorado Gold by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company’s stock worth $95,858,000 after purchasing an additional 38,630 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Eldorado Gold by 130.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company’s stock valued at $890,000 after buying an additional 35,820 shares during the period. Virtu Financial LLC purchased a new stake in shares of Eldorado Gold in the first quarter valued at approximately $165,000. Jacobsen Capital Management acquired a new position in Eldorado Gold during the second quarter worth $855,000. Finally, U S Global Investors Inc. raised its position in Eldorado Gold by 27.0% in the second quarter. U S Global Investors Inc. now owns 261,668 shares of the basic materials company’s stock worth $4,162,000 after acquiring an additional 55,595 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Stock Performance

Shares of EGO opened at $15.88 on Thursday. Eldorado Gold Co. has a 12-month low of $9.72 and a 12-month high of $19.06. The stock has a market cap of $3.25 billion, a P/E ratio of 11.85 and a beta of 0.95. 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 company has a 50-day moving average of $17.08 and a two-hundred day moving average of $16.50.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter in the prior year, the firm earned $0.17 earnings per share. As a group, research analysts predict that Eldorado Gold Co. will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada upped their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank lifted their price target on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Finally, TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Five 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 company presently has an average rating of “Hold” and a consensus target price of $20.88.

Eldorado Gold Company 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.