Wellington Management Group LLP bought a new stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 469,062 shares of the basic materials company's stock, valued at approximately $6,973,000. Wellington Management Group LLP owned 0.23% of Eldorado Gold at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Eldorado Gold in the third quarter valued at approximately $2,626,000. Barclays PLC grew its holdings in Eldorado Gold by 18.6% during the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after purchasing an additional 27,667 shares in the last quarter. Geode Capital Management LLC increased its stake in Eldorado Gold by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock worth $1,675,000 after buying an additional 6,629 shares during the period. Toronto Dominion Bank lifted its holdings in Eldorado Gold by 84.9% in the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company's stock worth $322,000 after buying an additional 8,512 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in Eldorado Gold by 331.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 138,556 shares of the basic materials company's stock valued at $2,295,000 after buying an additional 106,438 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.
Eldorado Gold Stock Performance
EGO stock traded down $0.18 during trading on Tuesday, hitting $19.22. 722,471 shares of the company's stock traded hands, compared to its average volume of 1,551,315. The stock has a fifty day moving average price of $15.41 and a two-hundred day moving average price of $15.89. 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 52 week low of $13.29 and a 52 week high of $19.74. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 13.73 and a beta of 0.81.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its 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 firm had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently commented on EGO. Royal Bank of Canada boosted their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Scotiabank increased their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Eldorado Gold currently has an average rating of "Moderate Buy" and a consensus price target of $20.38.
Read Our Latest Stock Report on Eldorado Gold
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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