Eldorado Gold Co. (NYSE:EGO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 7.4% in the third quarter, Holdings Channel.com reports. The firm owned 95,911 shares of the basic materials company’s stock after purchasing an additional 6,629 shares during the period. Geode Capital Management LLC’s holdings in Eldorado Gold were worth $1,675,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. TD Asset Management Inc grew its holdings in Eldorado Gold by 1.0% in the 2nd quarter. TD Asset Management Inc now owns 544,385 shares of the basic materials company’s stock valued at $8,040,000 after buying an additional 5,393 shares during the period. Acadian Asset Management LLC acquired a new position in Eldorado Gold during the second quarter worth approximately $912,000. Headlands Technologies LLC purchased a new position in Eldorado Gold during the second quarter worth approximately $97,000. Dimensional Fund Advisors LP boosted its holdings in shares of Eldorado Gold by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock valued at $68,149,000 after purchasing an additional 136,900 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Eldorado Gold by 30.8% during the 2nd quarter. XTX Topco Ltd now owns 16,450 shares of the basic materials company’s stock valued at $243,000 after buying an additional 3,876 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Performance

NYSE:EGO opened at $16.05 on Thursday. The firm’s fifty day simple moving average is $15.84 and its 200 day simple moving average is $16.54. 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 twelve month low of $9.72 and a twelve month high of $19.06. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.98 and a beta of 0.94.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The company had revenue of $331.76 million for the quarter. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, equities research analysts expect that Eldorado Gold Co. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities cut their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Eldorado Gold has an average rating of “Hold” and an average target price of $20.88.

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.