Heartland Advisors Inc. Takes $4.71 Million Position in Eldorado Gold Co. (NYSE:EGO)

Heartland Advisors Inc. purchased a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 316,650 shares of the basic materials company's stock, valued at approximately $4,709,000. Heartland Advisors Inc. owned about 0.15% of Eldorado Gold as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Eldorado Gold by 55.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 264,111 shares of the basic materials company's stock worth $4,592,000 after buying an additional 94,676 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Eldorado Gold by 130.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company's stock valued at $2,885,000 after acquiring an additional 94,040 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in Eldorado Gold during the 3rd quarter worth $555,000. Maverick Capital Ltd. increased its holdings in Eldorado Gold by 17.1% in the 3rd quarter. Maverick Capital Ltd. now owns 99,439 shares of the basic materials company's stock valued at $1,727,000 after purchasing an additional 14,545 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Eldorado Gold by 22.9% in the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock valued at $11,089,000 after purchasing an additional 118,760 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

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Eldorado Gold Stock Up 1.9 %

EGO traded up $0.34 during trading on Wednesday, hitting $17.94. The company had a trading volume of 914,232 shares, compared to its average volume of 1,518,016. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $19.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The company has a market cap of $3.68 billion, a PE ratio of 12.81 and a beta of 0.81. The business has a 50-day moving average of $14.98 and a 200-day moving average of $15.91.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly 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. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. As a group, analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

EGO has been the subject of a number of recent research reports. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank lowered their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

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.