Marshall Wace LLP Purchases Shares of 101,526 Eldorado Gold Co. (NYSE:EGO)

Marshall Wace LLP bought a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 101,526 shares of the basic materials company's stock, valued at approximately $1,510,000.

A number of other large investors also recently modified their holdings of the stock. Donald Smith & CO. Inc. raised its position in Eldorado Gold by 2.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company's stock worth $179,942,000 after purchasing an additional 309,599 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Eldorado Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company's stock valued at $117,228,000 after buying an additional 136,594 shares during the period. Jennison Associates LLC raised its position in shares of 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 acquiring an additional 1,058,137 shares during the last quarter. Carrhae Capital LLP lifted its stake in shares of 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 valued at $89,826,000 after acquiring an additional 738,233 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its holdings in Eldorado Gold by 648.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock valued at $39,408,000 after acquiring an additional 2,296,018 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Trading Down 1.7 %

Shares of NYSE EGO traded down $0.31 during midday trading on Friday, reaching $18.31. 3,455,454 shares of the stock were exchanged, compared to its average volume of 1,603,508. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $20.65. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 13.08 and a beta of 0.42. 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 business has a 50-day simple moving average of $16.81 and a two-hundred day simple moving average of $16.07.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share 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 business had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million. As a group, equities research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. 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 upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. 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. Scotiabank upped their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.38.

Eldorado Gold Company 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.