469,062 Shares in Eldorado Gold Co. (NYSE:EGO) Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 469,062 shares of the basic materials company's stock, valued at approximately $6,973,000. Wellington Management Group LLP owned about 0.23% of Eldorado Gold as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. ANTIPODES PARTNERS Ltd raised its holdings in shares of Eldorado Gold by 648.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock worth $39,408,000 after buying an additional 2,296,018 shares in the last quarter. Jennison Associates LLC boosted its holdings in Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after acquiring an additional 1,058,137 shares during the last quarter. Carrhae Capital LLP raised 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 worth $89,826,000 after buying an additional 738,233 shares during the last quarter. Heartland Advisors Inc. bought a new position in shares of Eldorado Gold in the 4th quarter worth $4,709,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Eldorado Gold during the 3rd quarter worth about $2,626,000. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Trading Up 3.4 %

Shares of NYSE EGO traded up $0.65 during midday trading on Wednesday, reaching $20.01. The stock had a trading volume of 631,393 shares, compared to its average volume of 1,550,950. The company's 50 day moving average price is $15.51 and its 200 day moving average price is $15.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $20.54. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 14.28 and a beta of 0.81.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The firm had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. As a group, sell-side analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EGO. Scotiabank lifted their price target on shares of Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research note on Monday. Royal Bank of Canada lifted their target price on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note 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. Finally, National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Eldorado Gold currently has an average rating of "Moderate Buy" and a consensus price target 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.