Eldorado Gold Co. (NYSE:EGO) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 469,880 shares of the basic materials company's stock after purchasing an additional 70,478 shares during the quarter. Deutsche Bank AG owned approximately 0.23% of Eldorado Gold worth $6,987,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research note 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 for the company in a report on Monday, May 5th. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Finally, Scotiabank lifted their target price 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Eldorado Gold presently has a consensus rating of "Moderate Buy" and an average target price of $21.70.

Eldorado Gold Stock Performance

Eldorado Gold stock traded up $0.49 during trading hours on Wednesday, hitting $19.81. 1,868,430 shares of the stock traded hands, compared to its average volume of 1,636,446. The firm's 50 day moving average price is $17.89 and its 200-day moving average price is $16.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 14.15 and a beta of 0.42. Eldorado Gold Co. has a 1 year low of $13.29 and a 1 year high of $20.65.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued 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 net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $341.59 million during the quarter, compared to analysts' expectations of $319.83 million. As a group, equities analysts expect that Eldorado Gold Co. will post 1.5 EPS 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.