Tudor Investment Corp ET AL Makes New $1.61 Million Investment in Eldorado Gold Co. (NYSE:EGO)

Tudor Investment Corp ET AL bought a new stake in shares of Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 108,353 shares of the basic materials company's stock, valued at approximately $1,611,000. Tudor Investment Corp ET AL owned 0.05% of Eldorado Gold at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd increased its stake in shares of 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 valued at $39,408,000 after acquiring an additional 2,296,018 shares during the period. Jennison Associates LLC boosted its stake in Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. Carrhae Capital LLP increased its position in shares of Eldorado Gold by 13.9% during the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock valued at $89,826,000 after purchasing an additional 738,233 shares during the period. Wellington Management Group LLP bought a new stake in shares of Eldorado Gold in the 4th quarter worth $6,973,000. Finally, Heartland Advisors Inc. acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at $4,709,000. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Stock Down 2.1 %

Shares of EGO stock traded down $0.43 on Wednesday, hitting $19.97. 2,048,724 shares of the stock were exchanged, compared to its average volume of 1,616,367. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a fifty-two week low of $13.29 and a fifty-two week high of $20.65. The firm has a market capitalization of $4.10 billion, a P/E ratio of 14.27 and a beta of 0.42. The business has a 50-day moving average of $17.16 and a 200 day moving average of $16.13.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly 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 business had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million. Equities analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada increased their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank boosted 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. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group decreased their target price on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Eldorado Gold has a consensus rating of "Moderate Buy" and an average target price of $21.70.

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.