Mariner LLC Purchases 30,144 Shares of Eldorado Gold Co. (NYSE:EGO)

Mariner LLC raised its stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 255.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,922 shares of the basic materials company's stock after acquiring an additional 30,144 shares during the quarter. Mariner LLC's holdings in Eldorado Gold were worth $623,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Barclays PLC grew its position in Eldorado Gold by 18.6% during the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock worth $3,064,000 after acquiring an additional 27,667 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Eldorado Gold by 7.4% during the third quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock worth $1,675,000 after purchasing an additional 6,629 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Eldorado Gold by 1.8% in the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock valued at $15,783,000 after buying an additional 15,652 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Eldorado Gold by 130.7% in the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock valued at $2,607,000 after buying an additional 85,053 shares during the last quarter. Finally, Perpetual Ltd bought a new position in shares of Eldorado Gold in the fourth quarter valued at about $425,000. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Trading Up 7.1 %

Shares of EGO stock traded up $1.35 during trading hours on Tuesday, reaching $20.40. The company had a trading volume of 2,667,668 shares, compared to its average volume of 1,611,767. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. Eldorado Gold Co. has a 1-year low of $13.29 and a 1-year high of $20.65. The company has a 50 day moving average of $17.03 and a 200 day moving average of $16.11. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 14.57 and a beta of 0.42.

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). The company had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, equities research analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on EGO shares. Royal Bank of Canada raised their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank boosted their target price on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, Canaccord Genuity Group decreased their price target on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.