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

Mariner LLC boosted its holdings in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 255.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,922 shares of the basic materials company's stock after purchasing an additional 30,144 shares during the period. Mariner LLC's holdings in Eldorado Gold were worth $623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in Eldorado Gold in the fourth quarter worth about $55,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Eldorado Gold in the 4th quarter worth approximately $113,000. Envestnet Asset Management Inc. bought a new stake in shares of Eldorado Gold during the fourth quarter valued at approximately $183,000. Fox Run Management L.L.C. purchased a new stake in Eldorado Gold in the fourth quarter worth $254,000. Finally, Cerity Partners LLC bought a new position in Eldorado Gold in the fourth quarter worth $287,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Analyst Ratings Changes

EGO has been the subject of several research reports. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank lifted their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Royal Bank of Canada lifted their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $20.38.

Eldorado Gold Stock Performance

NYSE EGO traded down $0.31 during trading hours on Friday, hitting $18.31. 3,455,454 shares of the company's stock traded hands, compared to its average volume of 1,602,127. Eldorado Gold Co. has a 52 week low of $13.29 and a 52 week high of $20.65. The firm has a market capitalization of $3.76 billion, a P/E ratio of 13.08 and a beta of 0.42. 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's fifty day moving average price is $16.81 and its two-hundred day moving average price is $16.10.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.28 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 company had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. Equities research 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.