PKO Investment Management Joint Stock Co Acquires Shares of 86,000 Eldorado Gold Co. (NYSE:EGO)

PKO Investment Management Joint Stock Co purchased a new stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 86,000 shares of the basic materials company's stock, valued at approximately $1,280,000.

Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. increased its stake in Eldorado Gold by 26.5% during the 4th 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. SBI Securities Co. Ltd. purchased a new stake in shares of Eldorado Gold in the 4th quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Eldorado Gold in the 4th quarter valued at $113,000. Tradition Wealth Management LLC purchased a new stake in shares of Eldorado Gold in the 4th quarter valued at $153,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Eldorado Gold in the 4th quarter valued at $183,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on EGO. Wall Street Zen downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Canaccord Genuity Group dropped their price objective on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 5th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada upped their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

Eldorado Gold Stock Performance

NYSE EGO traded up $0.14 during mid-day trading on Friday, reaching $20.13. 2,403,617 shares of the stock were exchanged, compared to its average volume of 1,643,675. The business's 50 day moving average is $18.55 and its 200-day moving average is $16.38. Eldorado Gold Co. has a 1 year low of $13.29 and a 1 year high of $20.65. The company has a market capitalization of $4.14 billion, a P/E ratio of 14.38 and a beta of 0.42. 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 announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (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 firm had revenue of $341.59 million for the quarter, compared to analysts' expectations of $319.83 million. On average, equities research analysts forecast that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

Eldorado Gold 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.