Donald Smith & CO. Inc. Raises Stock Position in Eldorado Gold Co. (NYSE:EGO)

Donald Smith & CO. Inc. grew its position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,100,980 shares of the basic materials company's stock after buying an additional 309,599 shares during the period. Eldorado Gold accounts for 4.3% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 4th largest position. Donald Smith & CO. Inc. owned about 5.90% of Eldorado Gold worth $179,942,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in 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 valued at $4,592,000 after acquiring an additional 94,676 shares during the period. BNP Paribas Financial Markets lifted its holdings in 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 worth $2,885,000 after purchasing an additional 94,040 shares in the last quarter. National Bank of Canada FI boosted its stake in Eldorado Gold by 22.9% in the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock worth $11,089,000 after purchasing an additional 118,760 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Eldorado Gold during the 3rd quarter valued at about $2,626,000. Finally, Barclays PLC increased its position in shares of Eldorado Gold by 18.6% during the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after buying an additional 27,667 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

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Eldorado Gold Price Performance

NYSE EGO traded up $0.27 during trading hours on Tuesday, reaching $15.97. 646,089 shares of the stock traded hands, compared to its average volume of 1,932,477. 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 stock has a 50 day simple moving average of $15.11 and a two-hundred day simple moving average of $15.90. Eldorado Gold Co. has a 1 year low of $13.29 and a 1 year high of $19.06. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 11.40 and a beta of 0.81.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping 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 company had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. On average, analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday. Scotiabank reduced their price target 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. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, StockNews.com cut Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $19.75.

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.