MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 32,892 Shares of Eldorado Gold Co. (NYSE:EGO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 453,416 shares of the basic materials company's stock after purchasing an additional 32,892 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.22% of Eldorado Gold worth $6,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EGO. ANTIPODES PARTNERS Ltd boosted its holdings in Eldorado Gold by 648.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock worth $39,408,000 after purchasing an additional 2,296,018 shares during the last quarter. Jennison Associates LLC boosted 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 valued at $105,431,000 after acquiring an additional 1,058,137 shares during the last quarter. Carrhae Capital LLP boosted its stake in Eldorado Gold by 13.9% in the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock valued at $89,826,000 after acquiring an additional 738,233 shares during the last quarter. Wellington Management Group LLP purchased a new position in Eldorado Gold in the fourth quarter valued at about $6,973,000. Finally, BNP Paribas Financial Markets boosted its stake in Eldorado Gold by 231.7% in the fourth quarter. BNP Paribas Financial Markets now owns 550,876 shares of the basic materials company's stock valued at $8,192,000 after acquiring an additional 384,793 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EGO. Canaccord Genuity Group dropped their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank boosted their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Wednesday. Four 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Eldorado Gold Stock Performance

Shares of EGO stock traded up $0.44 during trading on Friday, reaching $19.88. 2,087,715 shares of the company's stock traded hands, compared to its average volume of 1,639,198. The company has a market capitalization of $4.08 billion, a P/E ratio of 14.20 and a beta of 0.42. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm's 50-day moving average is $18.14 and its 200 day moving average is $16.23. 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 announced its quarterly 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). The business had revenue of $341.59 million for the quarter, compared to analysts' expectations of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. Equities research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current 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.