Canada Pension Plan Investment Board Acquires New Shares in Eldorado Gold Co. (NYSE:EGO)

Canada Pension Plan Investment Board bought a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the basic materials company's stock, valued at approximately $2,971,000. Canada Pension Plan Investment Board owned approximately 0.10% of Eldorado Gold as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in shares of Eldorado Gold during the 4th quarter worth $1,510,000. LaSalle St. Investment Advisors LLC increased its holdings in Eldorado Gold by 23.7% during the 4th quarter. LaSalle St. Investment Advisors LLC now owns 18,299 shares of the basic materials company's stock valued at $272,000 after acquiring an additional 3,508 shares in the last quarter. Mariner LLC raised its position in Eldorado Gold by 255.9% during the fourth quarter. Mariner LLC now owns 41,922 shares of the basic materials company's stock worth $623,000 after acquiring an additional 30,144 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at about $1,249,000. Finally, Cerity Partners LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $287,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Price Performance

EGO stock opened at $19.52 on Wednesday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 13.94 and a beta of 0.81. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a 52-week low of $13.29 and a 52-week high of $20.65. The stock's fifty day simple moving average is $16.05 and its 200-day simple moving average is $16.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. Equities research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Scotiabank boosted their price target on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.38.

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.

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