200,000 Shares in Eldorado Gold Co. (NYSE:EGO) Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board 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 13F filing with the SEC. The institutional investor bought 200,000 shares of the basic materials company's stock, valued at approximately $2,971,000. Canada Pension Plan Investment Board owned approximately 0.10% of Eldorado Gold as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Eldorado Gold in the 4th quarter valued at about $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Eldorado Gold during the fourth quarter worth about $113,000. Envestnet Asset Management Inc. acquired a new stake in Eldorado Gold during the fourth quarter worth about $183,000. Fox Run Management L.L.C. acquired a new stake in Eldorado Gold during the fourth quarter worth about $254,000. Finally, LaSalle St. Investment Advisors LLC raised its stake in Eldorado Gold by 23.7% during the fourth quarter. LaSalle St. Investment Advisors LLC now owns 18,299 shares of the basic materials company's stock worth $272,000 after acquiring an additional 3,508 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Stock Performance

Shares of NYSE:EGO traded up $0.13 during trading hours on Monday, hitting $19.20. The stock had a trading volume of 1,693,128 shares, compared to its average volume of 1,572,843. The stock's fifty day simple moving average is $16.45 and its 200 day simple moving average is $16.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 13.71 and a beta of 0.81. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $20.65.

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

Analysts Set New Price Targets

Several research firms recently weighed in on EGO. Scotiabank increased their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Royal Bank of Canada increased their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. Finally, National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $20.38.

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.