Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in Eldorado Gold Co. (NYSE:EGO)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 33,900 shares of the basic materials company's stock, valued at approximately $504,000. Eldorado Gold makes up approximately 0.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of EGO. Jennison Associates LLC grew its position in shares of Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. BNP Paribas Financial Markets grew its position in Eldorado Gold by 130.5% during the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company's stock worth $2,885,000 after buying an additional 94,040 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Eldorado Gold by 130.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after acquiring an additional 85,053 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Eldorado Gold by 22.9% in 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, SBI Securities Co. Ltd. bought a new stake in shares of Eldorado Gold during the 4th quarter valued at about $55,000. Institutional investors own 69.58% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EGO. Scotiabank lowered their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Eldorado Gold has an average rating of "Moderate Buy" and a consensus price target of $20.00.

Eldorado Gold Trading Up 1.9 %

Shares of Eldorado Gold stock traded up $0.34 on Wednesday, hitting $17.94. The stock had a trading volume of 914,232 shares, compared to its average volume of 1,518,016. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a one year low of $13.29 and a one year high of $19.06. The stock's 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $15.91. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 12.81 and a beta of 0.81.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, sell-side analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current 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.