Dimensional Fund Advisors LP Has $73.93 Million Stake in Eldorado Gold Co. (NYSE:EGO)

Dimensional Fund Advisors LP lifted its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,971,617 shares of the basic materials company's stock after buying an additional 74,389 shares during the period. Dimensional Fund Advisors LP owned about 2.43% of Eldorado Gold worth $73,927,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in shares of Eldorado Gold by 0.3% in the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock worth $3,737,000 after acquiring an additional 804 shares in the last quarter. Alliancebernstein L.P. increased its stake in Eldorado Gold by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock worth $496,000 after purchasing an additional 1,500 shares in the last quarter. Swiss National Bank raised its holdings in Eldorado Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock worth $6,000,000 after buying an additional 2,500 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock valued at $297,000 after buying an additional 2,775 shares in the last quarter. Finally, LaSalle St. Investment Advisors LLC boosted its holdings in shares of Eldorado Gold by 23.7% in the fourth quarter. LaSalle St. Investment Advisors LLC now owns 18,299 shares of the basic materials company's stock valued at $272,000 after buying an additional 3,508 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Stock Up 3.7 %

NYSE EGO traded up $0.69 during trading hours on Monday, hitting $18.99. 749,349 shares of the company traded hands, compared to its average volume of 2,074,223. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 13.54 and a beta of 0.42. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $20.65. The business's 50-day moving average is $16.81 and its 200-day moving average is $16.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. Sell-side analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EGO shares. Scotiabank raised their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Royal Bank of Canada lifted their price target on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Canaccord Genuity Group reduced their price objective on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Monday. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Finally, StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.70.

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.