Eldorado Gold Co. (NYSE:EGO) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 19.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,201,950 shares of the basic materials company's stock after selling 293,928 shares during the quarter. American Century Companies Inc. owned about 0.59% of Eldorado Gold worth $17,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tobam lifted its position in Eldorado Gold by 14.8% during the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company's stock worth $74,000 after acquiring an additional 651 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Eldorado Gold by 4.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,980 shares of the basic materials company's stock worth $679,000 after purchasing an additional 1,858 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Eldorado Gold during the fourth quarter worth about $37,000. TD Asset Management Inc boosted its position in Eldorado Gold by 0.8% in the fourth quarter. TD Asset Management Inc now owns 533,641 shares of the basic materials company's stock valued at $6,961,000 after buying an additional 4,478 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Eldorado Gold in the 2nd quarter worth approximately $97,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. CIBC lifted their price objective on Eldorado Gold from $18.00 to $22.50 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Scotiabank raised their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. Finally, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.38.

Eldorado Gold Price Performance

Shares of EGO opened at $17.54 on Friday. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 30.77 and a beta of 0.95. The firm's fifty day simple moving average is $16.90 and its 200-day simple moving average is $15.52. Eldorado Gold Co. has a twelve month low of $8.30 and a twelve month high of $18.38. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The company had revenue of $297.14 million during the quarter. During the same period last year, the firm earned $0.09 earnings per share. Equities analysts forecast that Eldorado Gold Co. will post 1.35 EPS for the current fiscal 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.