Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys Shares of 33,900 Eldorado Gold Co. (NYSE:EGO)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,900 shares of the basic materials company's stock, valued at approximately $504,000. Eldorado Gold accounts for approximately 1.5% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 14th largest position.

Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. increased its stake in shares of Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after purchasing an additional 682 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Eldorado Gold during the 4th quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Eldorado Gold in the 4th quarter worth $113,000. Tradition Wealth Management LLC purchased a new stake in Eldorado Gold in the 4th quarter worth $153,000. Finally, Envestnet Asset Management Inc. bought a new stake in Eldorado Gold during the fourth quarter valued at about $183,000. Institutional investors own 69.58% of the company's stock.

Analyst Ratings Changes

EGO has been the topic of several research analyst reports. Scotiabank boosted their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Royal Bank of Canada upped their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Canaccord Genuity Group lowered their target price 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. Finally, Wall Street Zen downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.70.

Eldorado Gold Stock Performance

EGO stock remained flat at $19.81 during midday trading on Tuesday. The company's stock had a trading volume of 1,239,926 shares, compared to its average volume of 1,640,114. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $20.65. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 14.15 and a beta of 0.42. The company's 50-day moving average price is $18.22 and its two-hundred day moving average price is $16.25. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The company had revenue of $341.59 million during the quarter, compared to analysts' expectations of $319.83 million. As a group, 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.