Ninety One UK Ltd Takes $32.47 Million Position in Eldorado Gold Co. (NYSE:EGO)

Ninety One UK Ltd bought a new position in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,503,677 shares of the basic materials company's stock, valued at approximately $32,473,000. Ninety One UK Ltd owned approximately 1.22% of Eldorado Gold as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tobam purchased a new position in Eldorado Gold during the 4th quarter worth approximately $68,000. Russell Investments Group Ltd. purchased a new position in Eldorado Gold during the 2nd quarter worth approximately $88,000. Atria Wealth Solutions Inc. purchased a new position in Eldorado Gold during the 3rd quarter worth approximately $89,000. Sapient Capital LLC purchased a new position in Eldorado Gold during the 4th quarter worth approximately $151,000. Finally, Prelude Capital Management LLC purchased a new position in Eldorado Gold during the 2nd quarter worth approximately $78,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Price Performance

NYSE EGO traded up $0.13 on Friday, hitting $15.04. The company had a trading volume of 2,332,517 shares, compared to its average volume of 1,698,797. The company has a market capitalization of $3.07 billion, a PE ratio of 28.37, a PEG ratio of 6.31 and a beta of 1.10. The company's fifty day moving average price is $12.95 and its 200-day moving average price is $12.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.39 and a quick ratio of 2.53. Eldorado Gold Co. has a 12-month low of $8.30 and a 12-month high of $16.01.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $306.90 million during the quarter. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%. As a group, analysts predict that Eldorado Gold Co. will post 0.77 earnings per share for the current year.

Analyst Ratings Changes

EGO has been the subject of a number of recent research reports. Stifel Nicolaus reissued a "hold" rating on shares of Eldorado Gold in a research report on Friday, January 26th. CIBC lifted their target price on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. National Bank Financial reaffirmed an "outperform spec overweight" rating on shares of Eldorado Gold in a report on Monday, April 8th. Stifel Canada lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, January 26th. Finally, TD Securities cut their target price on shares of Eldorado Gold from $14.50 to $13.00 and set a "hold" rating for the company in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Eldorado Gold has a consensus rating of "Hold" and a consensus target price of $13.30.

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.