Deutsche Bank AG Acquires 70,478 Shares of Eldorado Gold Co. (NYSE:EGO)

Deutsche Bank AG boosted its holdings in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,880 shares of the basic materials company's stock after acquiring an additional 70,478 shares during the quarter. Deutsche Bank AG owned 0.23% of Eldorado Gold worth $6,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its position in shares of Eldorado Gold by 2.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company's stock valued at $179,942,000 after buying an additional 309,599 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Eldorado Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company's stock valued at $117,228,000 after buying an additional 136,594 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after buying an additional 1,058,137 shares during the last quarter. Carrhae Capital LLP boosted its position in shares of Eldorado Gold by 13.9% during the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock valued at $89,826,000 after buying an additional 738,233 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Eldorado Gold by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,971,617 shares of the basic materials company's stock valued at $73,927,000 after buying an additional 74,389 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on EGO. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Canaccord Genuity Group lowered their price target on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Wall Street Zen cut Eldorado Gold from a "buy" rating to a "hold" rating in a report on Wednesday. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.70.

Eldorado Gold Stock Performance

Eldorado Gold stock traded up $0.44 during trading on Friday, reaching $19.88. The company had a trading volume of 2,087,715 shares, compared to its average volume of 1,639,198. Eldorado Gold Co. has a 52 week low of $13.29 and a 52 week high of $20.65. The firm's 50-day simple moving average is $18.14 and its 200 day simple moving average is $16.23. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 14.20 and a beta of 0.42. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.28 EPS 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 company had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. Sell-side analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

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.