Guggenheim Capital LLC Has $3.20 Million Stock Position in Eldorado Gold Co. (NYSE:EGO)

Guggenheim Capital LLC lowered its stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 215,236 shares of the basic materials company's stock after selling 33,281 shares during the quarter. Guggenheim Capital LLC owned approximately 0.11% of Eldorado Gold worth $3,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EGO. Donald Smith & CO. Inc. increased its position in Eldorado Gold by 2.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company's stock worth $179,942,000 after buying an additional 309,599 shares during the last quarter. Vanguard Group Inc. increased its position in Eldorado Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company's stock worth $117,228,000 after buying an additional 136,594 shares during the last quarter. Jennison Associates LLC increased its position in Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after buying an additional 1,058,137 shares during the last quarter. Carrhae Capital LLP increased its position in Eldorado Gold by 13.9% during the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock worth $89,826,000 after buying an additional 738,233 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position 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 buying an additional 2,296,018 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EGO. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Scotiabank lifted their target price on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Royal Bank of Canada lifted their target price on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $20.38.

Eldorado Gold Price Performance

Eldorado Gold stock traded up $0.28 during midday trading on Thursday, reaching $19.33. The company's stock had a trading volume of 733,875 shares, compared to its average volume of 1,566,214. Eldorado Gold Co. has a 52 week low of $13.29 and a 52 week high of $20.65. 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 business has a 50-day moving average price of $16.15 and a 200-day moving average price of $16.02. The stock has a market cap of $3.97 billion, a PE ratio of 13.81 and a beta of 0.81.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, sell-side analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current 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.