Public Employees Retirement System of Ohio Takes Position in Eldorado Gold Co. (NYSE:EGO)

Public Employees Retirement System of Ohio purchased a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,899 shares of the basic materials company's stock, valued at approximately $2,626,000. Public Employees Retirement System of Ohio owned 0.07% of Eldorado Gold at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in Eldorado Gold by 65.0% in the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock valued at $104,777,000 after acquiring an additional 2,376,241 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 worth $68,149,000 after purchasing an additional 136,900 shares during the last quarter. Equinox Partners Investment Management LLC raised its position in shares of Eldorado Gold by 32.0% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock valued at $17,185,000 after acquiring an additional 239,800 shares in the last quarter. National Bank of Canada FI raised its position in shares of Eldorado Gold by 22.9% during the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock valued at $11,089,000 after acquiring an additional 118,760 shares in the last quarter. Finally, TD Asset Management Inc increased its position in Eldorado Gold by 1.0% in the second quarter. TD Asset Management Inc now owns 544,385 shares of the basic materials company's stock worth $8,040,000 after buying an additional 5,393 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Trading Down 0.1 %

Shares of EGO stock traded down $0.02 on Tuesday, reaching $15.95. 950,517 shares of the stock were exchanged, compared to its average volume of 1,486,247. The stock has a market cap of $3.27 billion, a PE ratio of 11.90 and a beta of 0.93. Eldorado Gold Co. has a one year low of $9.72 and a one year high of $19.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The stock has a 50 day moving average price of $16.68 and a 200 day moving average price of $16.55.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $0.17 earnings per share. Equities research analysts forecast that Eldorado Gold Co. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.