ANTIPODES PARTNERS Ltd Increases Position in Eldorado Gold Corporation (NYSE:EGO)

ANTIPODES PARTNERS Ltd grew its position in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 43.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,802,895 shares of the basic materials company's stock after purchasing an additional 1,152,909 shares during the period. Eldorado Gold makes up 2.0% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its 21st biggest holding. ANTIPODES PARTNERS Ltd owned about 1.85% of Eldorado Gold worth $63,970,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EGO. Raymond James Financial Inc. purchased a new position in shares of Eldorado Gold during the 4th quarter valued at $1,249,000. HighTower Advisors LLC purchased a new position in Eldorado Gold in the fourth quarter worth $461,000. Sei Investments Co. purchased a new position in Eldorado Gold in the fourth quarter worth $1,088,000. Fox Run Management L.L.C. purchased a new position in Eldorado Gold in the fourth quarter worth $254,000. Finally, LPL Financial LLC grew its position in Eldorado Gold by 100.6% in the fourth quarter. LPL Financial LLC now owns 22,506 shares of the basic materials company's stock worth $335,000 after acquiring an additional 11,285 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Trading Up 1.2%

Eldorado Gold stock traded up $0.25 during mid-day trading on Friday, hitting $20.72. The company's stock had a trading volume of 1,682,971 shares, compared to its average volume of 1,449,056. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.34 and a beta of 0.46. The business has a 50 day moving average price of $20.48 and a 200-day moving average price of $17.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 2.53. Eldorado Gold Corporation has a 12 month low of $13.29 and a 12 month high of $21.79.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data 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 net margin of 23.10% and a return on equity of 8.41%. The firm had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million. As a group, analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

EGO has been the subject of several research reports. Wall Street Zen upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. 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 report on Monday, May 5th. Scotiabank boosted their price target 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. Finally, Royal Bank Of Canada boosted their price target 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. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.60.

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.