Precision Wealth Strategies LLC Takes Position in Eldorado Gold Corporation $EGO

Precision Wealth Strategies LLC bought a new stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,558 shares of the basic materials company’s stock, valued at approximately $738,000.

Several other institutional investors also recently made changes to their positions in EGO. Goldman Sachs Group Inc. grew its holdings in shares of Eldorado Gold by 50.0% during the first quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company’s stock valued at $13,426,000 after purchasing an additional 266,048 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Eldorado Gold by 6.0% during the second quarter. Geode Capital Management LLC now owns 113,368 shares of the basic materials company’s stock worth $2,318,000 after buying an additional 6,383 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Eldorado Gold by 1,209.2% during the second quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company’s stock worth $6,903,000 after buying an additional 313,449 shares during the period. Jump Financial LLC acquired a new position in shares of Eldorado Gold during the second quarter worth approximately $859,000. Finally, Cerity Partners LLC boosted its position in shares of Eldorado Gold by 15.2% during the second quarter. Cerity Partners LLC now owns 36,039 shares of the basic materials company’s stock worth $733,000 after buying an additional 4,758 shares during the period. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Price Performance

Shares of NYSE:EGO traded up $0.61 on Thursday, reaching $30.22. 1,102,565 shares of the company traded hands, compared to its average volume of 2,773,875. Eldorado Gold Corporation has a fifty-two week low of $17.18 and a fifty-two week high of $51.16. The company’s 50 day moving average is $36.95 and its 200-day moving average is $35.51. The stock has a market capitalization of $6.00 billion, a PE ratio of 12.14, a P/E/G ratio of 0.15 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. The firm had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. As a group, analysts anticipate that Eldorado Gold Corporation will post 4.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EGO shares. Canaccord Genuity Group downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 target price for the company. in a research report on Friday, February 20th. Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 target price for the company. in a research report on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a research report on Monday, April 20th. Finally, TD Cowen cut their target price on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Eldorado Gold has a consensus rating of “Hold” and a consensus price target of $42.00.

About Eldorado Gold

Eldorado Gold Corporation is a Canada?based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced?stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.