Public Employees Retirement System of Ohio Has $1.95 Million Stock Position in Eldorado Gold Co. (NYSE:EGO)

Public Employees Retirement System of Ohio lowered its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,410 shares of the basic materials company's stock after selling 19,489 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Eldorado Gold worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Eldorado Gold by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company's stock worth $2,664,000 after acquiring an additional 1,174 shares during the last quarter. Vident Advisory LLC raised its position in Eldorado Gold by 5.3% in the fourth quarter. Vident Advisory LLC now owns 54,484 shares of the basic materials company's stock valued at $810,000 after purchasing an additional 2,752 shares during the period. Mudita Advisors LLP raised its position in Eldorado Gold by 197.9% in the fourth quarter. Mudita Advisors LLP now owns 335,400 shares of the basic materials company's stock valued at $4,987,000 after purchasing an additional 222,800 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Eldorado Gold by 7.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 453,416 shares of the basic materials company's stock valued at $6,742,000 after purchasing an additional 32,892 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Eldorado Gold by 17.6% during the fourth quarter. Deutsche Bank AG now owns 469,880 shares of the basic materials company's stock worth $6,987,000 after acquiring an additional 70,478 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Eldorado Gold Price Performance

Shares of NYSE:EGO traded up $0.56 during trading on Thursday, reaching $21.51. The company had a trading volume of 2,828,656 shares, compared to its average volume of 1,659,776. The firm's fifty day moving average is $18.90 and its 200 day moving average is $16.52. The firm has a market capitalization of $4.42 billion, a PE ratio of 15.36 and a beta of 0.42. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $21.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). The company had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, equities analysts forecast that Eldorado Gold Co. will post 1.5 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on EGO. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Royal Bank of Canada raised their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Canaccord Genuity Group dropped their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a report on Monday, May 5th. Wall Street Zen cut shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Scotiabank raised their price objective 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. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.70.

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.