Fox Run Management L.L.C. Has $484,000 Stock Position in Eldorado Gold Corporation $EGO

Key Points

• Fox Run Management L.L.C. increased its stake in Eldorado Gold Corporation by 68.4%, acquiring an additional 11,697 shares, bringing its total holdings to 28,794 shares worth approximately $484,000.
• Several institutional investors, including Donald Smith & CO. Inc. and Vanguard Group Inc., have also boosted their holdings, contributing to 69.58% of the company's stock being owned by hedge funds and institutional investors.
• Eldorado Gold's recent earnings report showed $0.44 earnings per share, which missed analysts' expectations of $0.51, although the company posted a revenue of $459.53 million, surpassing the consensus estimate.

Fox Run Management L.L.C. lifted its stake in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 68.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,794 shares of the basic materials company's stock after acquiring an additional 11,697 shares during the period. Fox Run Management L.L.C.'s holdings in Eldorado Gold were worth $484,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its holdings in Eldorado Gold by 26.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 682 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Eldorado Gold by 0.7% in the 4th 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 buying an additional 1,174 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted 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 during the period. Alliancebernstein L.P. boosted its stake in Eldorado Gold by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock valued at $496,000 after buying an additional 1,500 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Eldorado Gold by 5.4% in the first quarter. Russell Investments Group Ltd. now owns 30,732 shares of the basic materials company's stock valued at $517,000 after acquiring an additional 1,580 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EGO shares. Wall Street Zen cut Eldorado Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Scotiabank reissued a "sector perform" rating on shares of Eldorado Gold in a report on Monday, August 11th. CIBC reaffirmed an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Finally, 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 note on Monday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.60.

Eldorado Gold Trading Up 1.9%

Shares of EGO stock traded up $0.4450 on Friday, reaching $23.5250. 898,192 shares of the stock were exchanged, compared to its average volume of 1,929,374. 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 one year low of $13.29 and a one year high of $23.74. The stock has a market cap of $4.78 billion, a PE ratio of 11.82, a P/E/G ratio of 0.36 and a beta of 0.37. The stock has a 50 day moving average price of $21.16 and a 200 day moving average price of $18.64.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced 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%. Equities research analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.

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.