Mackenzie Financial Corp Acquires 231,515 Shares of Eldorado Gold Co. (NYSE:EGO)

Mackenzie Financial Corp boosted its holdings in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 44.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 747,250 shares of the basic materials company's stock after acquiring an additional 231,515 shares during the quarter. Mackenzie Financial Corp owned 0.36% of Eldorado Gold worth $11,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. 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 worth $48,000 after buying an additional 682 shares in the last quarter. CIBC Asset Management Inc increased its stake in Eldorado Gold by 0.3% in the 4th quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock worth $3,737,000 after purchasing an additional 804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 purchasing an additional 1,174 shares in the last quarter. Alliancebernstein L.P. increased 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 worth $496,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Swiss National Bank increased its stake in Eldorado Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock worth $6,000,000 after purchasing an additional 2,500 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Price Performance

Shares of EGO stock traded up $0.14 during trading hours on Friday, hitting $20.13. The company had a trading volume of 2,403,617 shares, compared to its average volume of 1,639,719. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $20.77. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 14.38 and a beta of 0.42. The firm's fifty day moving average is $18.48 and its 200 day moving average is $16.33. 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 posted its quarterly earnings data 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 business had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million. On average, sell-side analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

EGO has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Canaccord Genuity Group reduced their price objective on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 5th. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada boosted their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.