Maverick Capital Ltd. Has $795,000 Stock Holdings in Eldorado Gold Corporation $EGO

Key Points

• Maverick Capital Ltd. increased its stake in Eldorado Gold Corporation by 121.3%, acquiring an additional 25,923 shares to own 47,294 shares worth approximately $795,000.
• Institutional investors collectively own 69.58% of Eldorado Gold's stock, with several firms like Donald Smith & CO. Inc. and L1 Capital Pty Ltd also boosting their positions this quarter.
• Wall Street analysts have mixed ratings for Eldorado Gold, with an average target price of $23.60 and a consensus rating falling between "Moderate Buy" and "Hold."

Maverick Capital Ltd. raised its holdings in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 121.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,294 shares of the basic materials company's stock after acquiring an additional 25,923 shares during the period. Maverick Capital Ltd.'s holdings in Eldorado Gold were worth $795,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Eldorado Gold by 0.7% in 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 purchasing an additional 1,174 shares during the period. LaSalle St. Investment Advisors LLC raised its position in shares of Eldorado Gold by 7.0% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 19,574 shares of the basic materials company's stock worth $329,000 after buying an additional 1,275 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Eldorado Gold by 5.4% during the 1st quarter. Russell Investments Group Ltd. now owns 30,732 shares of the basic materials company's stock worth $517,000 after buying an additional 1,580 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after acquiring an additional 1,945 shares during the period. Finally, Vident Advisory LLC boosted its holdings in shares of 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 acquiring an additional 2,752 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Stock Up 3.6%

EGO traded up $0.91 during trading on Friday, reaching $26.10. 1,775,241 shares of the stock traded hands, compared to its average volume of 1,322,255. The stock's 50-day simple moving average is $22.01 and its two-hundred day simple moving average is $19.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65. Eldorado Gold Corporation has a fifty-two week low of $13.29 and a fifty-two week high of $26.17. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.41 and a beta of 0.44.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EGO. CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Scotiabank restated a "sector perform" rating on shares of Eldorado Gold in a report on Monday, August 11th. Finally, National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average target price of $23.60.

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.