Mudita Advisors LLP Grows Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

Mudita Advisors LLP grew its position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 197.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 335,400 shares of the basic materials company's stock after buying an additional 222,800 shares during the quarter. Eldorado Gold accounts for 2.8% of Mudita Advisors LLP's portfolio, making the stock its 11th largest position. Mudita Advisors LLP owned about 0.16% of Eldorado Gold worth $4,987,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in shares of Eldorado Gold by 18.6% during the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock worth $3,064,000 after purchasing an additional 27,667 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 85,053 shares in the last quarter. Perpetual Ltd purchased a new position in Eldorado Gold in the 4th quarter worth approximately $425,000. Jennison Associates LLC lifted its holdings 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Eldorado Gold by 12.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,300 shares of the basic materials company's stock worth $3,376,000 after purchasing an additional 25,300 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Eldorado Gold Trading Down 0.3%

NYSE:EGO traded down $0.06 during mid-day trading on Friday, hitting $17.85. 1,305,073 shares of the stock traded hands, compared to its average volume of 1,634,486. 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 $20.65. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 12.75 and a beta of 0.42. The firm's 50 day moving average is $17.66 and its two-hundred day moving average is $16.15.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $319.83 million. On average, equities research analysts predict that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. Royal Bank of Canada raised their target price on shares of 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 cut their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Scotiabank raised their target price 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, April 14th. Finally, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.