American Century Companies Inc. Reduces Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

American Century Companies Inc. reduced its holdings in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,037,375 shares of the basic materials company's stock after selling 112,621 shares during the period. American Century Companies Inc. owned 0.51% of Eldorado Gold worth $15,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its stake in Eldorado Gold by 648.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock valued at $39,408,000 after acquiring an additional 2,296,018 shares during the period. Boston Partners increased its holdings in shares of Eldorado Gold by 3.8% during the fourth quarter. Boston Partners now owns 1,777,646 shares of the basic materials company's stock valued at $26,456,000 after acquiring an additional 64,528 shares in the last quarter. Amundi raised its position in shares of Eldorado Gold by 13.6% during the fourth quarter. Amundi now owns 1,095,624 shares of the basic materials company's stock worth $17,585,000 after purchasing an additional 130,848 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of Eldorado Gold by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock worth $15,783,000 after purchasing an additional 15,652 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have commented on EGO shares. Royal Bank of Canada boosted their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday. Scotiabank decreased their target price 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 raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, StockNews.com downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Wednesday. Three equities research 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.75.

Eldorado Gold Stock Down 8.6 %

Shares of EGO stock traded down $1.52 on Friday, hitting $16.17. The stock had a trading volume of 3,038,367 shares, compared to its average volume of 1,528,221. Eldorado Gold Co. has a 12-month low of $13.29 and a 12-month 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 business has a 50 day moving average of $15.10 and a 200 day moving average of $15.92. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 11.55 and a beta of 0.81.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. The firm had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. As a group, analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current 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.