Allspring Global Investments Holdings LLC boosted its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 33.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,000 shares of the basic materials company's stock after purchasing an additional 50,500 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of Eldorado Gold worth $3,515,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its stake in shares of Eldorado Gold by 9.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company's stock valued at $196,261,000 after purchasing an additional 1,240,732 shares during the period. Vanguard Group Inc. increased its stake in shares of Eldorado Gold by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company's stock valued at $95,858,000 after acquiring an additional 38,630 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Eldorado Gold by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company's stock valued at $68,149,000 after acquiring an additional 136,900 shares during the period. Jennison Associates LLC bought a new position in Eldorado Gold during the first quarter worth $36,374,000. Finally, Hillsdale Investment Management Inc. grew its holdings in Eldorado Gold by 20.9% in the first quarter. Hillsdale Investment Management Inc. now owns 2,137,927 shares of the basic materials company's stock worth $30,065,000 after purchasing an additional 369,127 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
EGO has been the subject of several research reports. Royal Bank of Canada boosted their price objective on Eldorado Gold from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. CIBC raised 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 upped their target price 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 research report on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $19.38.
Get Our Latest Research Report on Eldorado Gold
Eldorado Gold Trading Up 5.2 %
Shares of EGO traded up $0.89 during mid-day trading on Tuesday, reaching $18.02. The company's stock had a trading volume of 1,759,417 shares, compared to its average volume of 1,506,430. The stock has a market cap of $3.69 billion, a PE ratio of 31.61 and a beta of 0.95. The company's fifty day moving average price is $17.45 and its two-hundred day moving average price is $16.30. Eldorado Gold Co. has a 52 week low of $9.72 and a 52 week high of $19.06. 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 Company Profile
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Free Report)
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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