Savant Capital LLC Invests $285,000 in Eldorado Gold Corporation $EGO

Savant Capital LLC acquired a new stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,029 shares of the basic materials company’s stock, valued at approximately $285,000.

A number of other institutional investors also recently bought and sold shares of EGO. Bank of New York Mellon Corp lifted its position in Eldorado Gold by 36.7% during the first quarter. Bank of New York Mellon Corp now owns 18,479 shares of the basic materials company’s stock valued at $311,000 after purchasing an additional 4,966 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Eldorado Gold by 63.1% in the first quarter. Cerity Partners LLC now owns 31,281 shares of the basic materials company’s stock worth $526,000 after buying an additional 12,101 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Eldorado Gold during the 1st quarter valued at about $186,000. ANTIPODES PARTNERS Ltd grew its stake in shares of Eldorado Gold by 43.5% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company’s stock valued at $63,970,000 after acquiring an additional 1,152,909 shares during the period. Finally, Heartland Advisors Inc. grew its stake in shares of Eldorado Gold by 104.7% during the 1st quarter. Heartland Advisors Inc. now owns 648,100 shares of the basic materials company’s stock valued at $10,901,000 after acquiring an additional 331,450 shares during the period. 69.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, October 8th. National Bankshares restated an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, November 4th. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. CIBC increased their price target on Eldorado Gold from $32.00 to $46.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Scotiabank boosted their price objective on Eldorado Gold from $25.50 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

Eldorado Gold Stock Performance

EGO opened at $27.95 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.29 and a beta of 0.49. The company has a fifty day moving average of $27.64 and a 200 day moving average of $23.51. Eldorado Gold Corporation has a fifty-two week low of $13.29 and a fifty-two week high of $30.89.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.08). The company had revenue of $436.44 million for the quarter, compared to the consensus estimate of $422.25 million. Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. As a group, sell-side analysts forecast that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal 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.