American Century Companies Inc. Buys 20,232 Shares of Eldorado Gold Corporation $EGO

Key Points

• American Century Companies Inc. has increased its stake in Eldorado Gold Corporation by 2.0%, now owning approximately 1,057,607 shares valued at $17.78 million.
• A variety of institutional investors, including Donald Smith & CO. Inc. and Vanguard Group Inc., have also raised their holdings in Eldorado Gold during the first quarter.
• Analysts have mixed opinions on the stock, with price target adjustments and ratings including a downgrade from Canaccord Genuity Group from $29.00 to $27.00 and a consensus rating of "Moderate Buy."

American Century Companies Inc. boosted its position in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,057,607 shares of the basic materials company's stock after buying an additional 20,232 shares during the period. American Century Companies Inc. owned approximately 0.51% of Eldorado Gold worth $17,780,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EGO. LPL Financial LLC raised its holdings in shares of Eldorado Gold by 100.6% during the fourth quarter. LPL Financial LLC now owns 22,506 shares of the basic materials company's stock valued at $335,000 after purchasing an additional 11,285 shares during the period. Geode Capital Management LLC raised its holdings in shares of Eldorado Gold by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 99,562 shares of the basic materials company's stock valued at $1,496,000 after purchasing an additional 3,651 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Eldorado Gold during the fourth quarter valued at about $183,000. Raymond James Financial Inc. acquired a new position in shares of Eldorado Gold during the fourth quarter valued at about $1,249,000. Finally, Mariner LLC raised its holdings in shares of Eldorado Gold by 255.9% during the fourth quarter. Mariner LLC now owns 41,922 shares of the basic materials company's stock valued at $623,000 after purchasing an additional 30,144 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Ratings Changes

EGO has been the topic of several research reports. CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a report on Tuesday, July 15th. Canaccord Genuity Group decreased 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 report on Monday, May 5th. Wall Street Zen downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Scotiabank reissued a "sector perform" rating on shares of Eldorado Gold in a research report on Monday, August 11th. Finally, National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average price target of $23.60.

Eldorado Gold Stock Down 0.9%

NYSE:EGO traded down $0.21 on Thursday, hitting $24.07. The stock had a trading volume of 1,230,521 shares, compared to its average volume of 1,911,718. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. The stock has a market cap of $4.89 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.39 and a beta of 0.37. Eldorado Gold Corporation has a 1 year low of $13.29 and a 1 year high of $24.34. The firm's fifty day simple moving average is $21.37 and its two-hundred day simple moving average is $18.89.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The firm had revenue of $459.53 million during the quarter, compared to analysts' expectations of $401.85 million. Analysts predict that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

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.