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

Dimensional Fund Advisors LP increased its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,971,617 shares of the basic materials company's stock after acquiring an additional 74,389 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.43% of Eldorado Gold worth $73,927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC boosted its stake in Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after purchasing an additional 1,058,137 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Eldorado Gold by 130.7% in the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after buying an additional 85,053 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Eldorado Gold during the fourth quarter valued at $55,000. Barclays PLC raised its position in Eldorado Gold by 18.6% during the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after buying an additional 27,667 shares during the period. Finally, Swiss National Bank lifted its stake in Eldorado Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock worth $6,000,000 after acquiring an additional 2,500 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Stock Up 2.9 %

Shares of EGO traded up $0.56 during mid-day trading on Tuesday, hitting $19.61. 446,070 shares of the company's stock were exchanged, compared to its average volume of 1,599,863. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 14.01 and a beta of 0.42. The firm has a fifty day moving average of $16.90 and a two-hundred day moving average of $16.08. 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 twelve month low of $13.29 and a twelve month high of $20.65.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on EGO. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Royal Bank of Canada increased their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Canaccord Genuity Group dropped their price target on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Eldorado Gold Company 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.