Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys New Position in Eldorado Gold Co. (NYSE:EGO)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 33,900 shares of the basic materials company's stock, valued at approximately $504,000. Eldorado Gold comprises about 1.5% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 14th biggest holding.

Several other large investors have also modified their holdings of EGO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Eldorado Gold by 0.7% in the fourth 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 valued at $2,664,000 after buying an additional 1,174 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Eldorado Gold by 5.3% in the 4th quarter. Vident Advisory LLC now owns 54,484 shares of the basic materials company's stock valued at $810,000 after acquiring an additional 2,752 shares during the period. Mudita Advisors LLP raised its position in Eldorado Gold by 197.9% in the 4th quarter. Mudita Advisors LLP now owns 335,400 shares of the basic materials company's stock valued at $4,987,000 after purchasing an additional 222,800 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Eldorado Gold by 7.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 453,416 shares of the basic materials company's stock worth $6,742,000 after purchasing an additional 32,892 shares during the period. Finally, Deutsche Bank AG boosted its stake in Eldorado Gold by 17.6% during the 4th quarter. Deutsche Bank AG now owns 469,880 shares of the basic materials company's stock worth $6,987,000 after purchasing an additional 70,478 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Stock Up 0.2%

EGO traded up $0.04 during trading on Thursday, hitting $20.13. The company had a trading volume of 373,494 shares, compared to its average volume of 1,634,396. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $20.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The company has a market cap of $4.14 billion, a PE ratio of 14.38 and a beta of 0.42. The business has a 50-day moving average of $18.39 and a 200-day moving average of $16.30.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its 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 business had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. As a group, analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

EGO has been the subject of several recent analyst reports. Scotiabank raised their price objective 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 Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Canaccord Genuity Group cut 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 Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

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.