Mudita Advisors LLP Takes $1.96 Million Position in Eldorado Gold Co. (NYSE:EGO)

Mudita Advisors LLP bought a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 112,600 shares of the basic materials company's stock, valued at approximately $1,956,000. Eldorado Gold makes up about 1.1% of Mudita Advisors LLP's portfolio, making the stock its 15th biggest position. Mudita Advisors LLP owned 0.05% of Eldorado Gold at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Eldorado Gold by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company's stock worth $95,858,000 after acquiring an additional 38,630 shares during the last quarter. Jennison Associates LLC grew its position in shares of Eldorado Gold by 65.0% in the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock valued at $104,777,000 after buying an additional 2,376,241 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Eldorado Gold by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company's stock valued at $68,149,000 after buying an additional 136,900 shares during the period. Equinox Partners Investment Management LLC raised its position in shares of Eldorado Gold by 32.0% during the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock worth $17,185,000 after acquiring an additional 239,800 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Eldorado Gold by 1.0% during the 2nd quarter. TD Asset Management Inc now owns 544,385 shares of the basic materials company's stock worth $8,040,000 after purchasing an additional 5,393 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Eldorado Gold from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Monday, August 19th. StockNews.com lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. TD Securities decreased their target price on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Finally, Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $20.88.

Eldorado Gold Stock Performance

EGO traded up $0.15 during trading hours on Wednesday, hitting $15.85. The stock had a trading volume of 510,483 shares, compared to its average volume of 1,519,227. The stock has a market cap of $3.25 billion, a PE ratio of 11.93 and a beta of 0.95. Eldorado Gold Co. has a 1 year low of $9.72 and a 1 year high of $19.06. 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's fifty day simple moving average is $17.08 and its 200 day simple moving average is $16.50.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The business had revenue of $331.76 million during the quarter. During the same quarter in the prior year, the business earned $0.17 EPS. Equities analysts anticipate that Eldorado Gold Co. will post 1.42 earnings per share for the current year.

Eldorado Gold Company 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.