Eldorado Gold Co. (NYSE:EGO) Shares Acquired by Boston Partners

Boston Partners boosted its holdings in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,777,646 shares of the basic materials company's stock after acquiring an additional 64,528 shares during the quarter. Boston Partners owned about 0.87% of Eldorado Gold worth $26,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EGO. Banque Cantonale Vaudoise acquired a new stake in shares of Eldorado Gold during the 3rd quarter worth about $36,000. Jennison Associates LLC boosted its stake in Eldorado Gold by 65.0% during the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock worth $104,777,000 after buying an additional 2,376,241 shares during the period. Navellier & Associates Inc. acquired a new stake in shares of Eldorado Gold during the third quarter valued at about $878,000. Independent Advisor Alliance acquired a new position in shares of Eldorado Gold in the 3rd quarter worth approximately $544,000. Finally, The Manufacturers Life Insurance Company boosted its position 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 purchasing an additional 94,676 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

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Wall Street Analysts Forecast Growth

EGO has been the topic of a number of research analyst reports. Scotiabank cut their target price on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.00.

Eldorado Gold Stock Up 0.5 %

NYSE EGO traded up $0.08 on Monday, hitting $15.72. 1,409,097 shares of the stock were exchanged, compared to its average volume of 1,414,041. Eldorado Gold Co. has a fifty-two week low of $13.29 and a fifty-two week high of $19.06. The company has a 50-day moving average price of $14.73 and a 200-day moving average price of $15.92. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.22 billion, a PE ratio of 11.23 and a beta of 1.11.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

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.