Fox Run Management L.L.C. Purchases New Shares in Eldorado Gold Co. (NYSE:EGO)

Fox Run Management L.L.C. purchased a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,097 shares of the basic materials company's stock, valued at approximately $254,000.

Several other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Eldorado Gold in the fourth quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Eldorado Gold during the 4th quarter valued at about $113,000. Atria Wealth Solutions Inc. increased its stake in shares of Eldorado Gold by 16.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock valued at $297,000 after acquiring an additional 2,775 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Eldorado Gold by 84.9% during the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company's stock worth $322,000 after acquiring an additional 8,512 shares during the period. Finally, Perpetual Ltd acquired a new stake in shares of Eldorado Gold in the fourth quarter worth approximately $425,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on EGO. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Finally, Scotiabank reduced their target price on 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, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Eldorado Gold currently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

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Eldorado Gold Trading Up 0.1 %

Shares of Eldorado Gold stock traded up $0.02 during trading hours on Monday, hitting $16.79. The company's stock had a trading volume of 718,316 shares, compared to its average volume of 1,507,120. 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 capitalization of $3.44 billion, a PE ratio of 11.98 and a beta of 1.11. The business has a fifty day moving average of $14.87 and a 200 day moving average of $15.92. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $19.06.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $440.43 million. As a group, equities analysts forecast that Eldorado Gold Co. will post 1.5 EPS for the current year.

About Eldorado Gold

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.