ANTIPODES PARTNERS Ltd raised its holdings in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 648.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,649,986 shares of the basic materials company's stock after purchasing an additional 2,296,018 shares during the quarter. Eldorado Gold comprises approximately 1.4% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its 26th largest holding. ANTIPODES PARTNERS Ltd owned about 1.29% of Eldorado Gold worth $39,408,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new position in shares of Eldorado Gold during the third quarter worth about $36,000. Jennison Associates LLC lifted its position in Eldorado Gold by 65.0% during the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock worth $104,777,000 after acquiring an additional 2,376,241 shares during the period. Navellier & Associates Inc. purchased a new position in shares of Eldorado Gold in the 3rd quarter valued at approximately $878,000. Independent Advisor Alliance acquired a new position in shares of Eldorado Gold in the third quarter valued at approximately $544,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Eldorado Gold by 55.9% during the third 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 last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Eldorado Gold Price Performance
EGO stock traded down $0.04 on Friday, reaching $15.27. 885,716 shares of the company's stock were exchanged, compared to its average volume of 1,423,328. The stock has a fifty day moving average of $14.75 and a 200-day moving average of $16.00. The firm has a market cap of $3.13 billion, a PE ratio of 10.90 and a beta of 1.11. 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 twelve month low of $12.36 and a twelve month high of $19.06.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly 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. The business had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on EGO shares. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Scotiabank lowered their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.00.
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About Eldorado Gold
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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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