Ruffer LLP Acquires New Shares in Eldorado Gold Corporation (NYSE:EGO)

Ruffer LLP acquired a new stake in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 992,097 shares of the basic materials company's stock, valued at approximately $16,687,000. Ruffer LLP owned 0.48% of Eldorado Gold at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd bought a new stake in Eldorado Gold during the first quarter valued at $207,000. LPL Financial LLC boosted its stake in Eldorado Gold by 645.2% during the first quarter. LPL Financial LLC now owns 167,708 shares of the basic materials company's stock valued at $2,821,000 after buying an additional 145,202 shares during the period. TD Asset Management Inc boosted its stake in Eldorado Gold by 2.5% during the first quarter. TD Asset Management Inc now owns 578,577 shares of the basic materials company's stock valued at $9,724,000 after buying an additional 14,180 shares during the period. Heartland Advisors Inc. boosted its stake in Eldorado Gold by 104.7% during the first quarter. Heartland Advisors Inc. now owns 648,100 shares of the basic materials company's stock valued at $10,901,000 after buying an additional 331,450 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its stake in Eldorado Gold by 43.5% during the first quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company's stock valued at $63,970,000 after buying an additional 1,152,909 shares during the period. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Trading Up 6.1%

Shares of NYSE EGO traded up $1.32 during trading hours on Tuesday, hitting $23.00. The company's stock had a trading volume of 3,730,084 shares, compared to its average volume of 1,702,142. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.36 and a beta of 0.37. Eldorado Gold Corporation has a 12 month low of $13.29 and a 12 month high of $23.12. The business has a 50-day simple moving average of $20.65 and a 200-day simple moving average of $18.00.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The firm had revenue of $459.53 million for the quarter, compared to the consensus estimate of $401.85 million. On average, analysts anticipate that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

EGO has been the topic of a number of research reports. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Wall Street Zen upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, June 6th. CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a report on Tuesday, July 15th. Canaccord Genuity Group decreased their price objective on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Finally, Scotiabank lifted their price objective on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.