Donald Smith & CO. Inc. Increases Holdings in Eldorado Gold Co. (NYSE:EGO)

Donald Smith & CO. Inc. grew its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,100,980 shares of the basic materials company’s stock after purchasing an additional 309,599 shares during the period. Eldorado Gold accounts for 4.3% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 4th biggest holding. Donald Smith & CO. Inc. owned 0.06% of Eldorado Gold worth $179,942,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Eldorado Gold by 1.8% in the fourth 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 purchasing an additional 1,058,137 shares during the period. Carrhae Capital LLP lifted its holdings 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 in the last quarter. ANTIPODES PARTNERS Ltd grew its position 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 valued at $39,408,000 after purchasing an additional 2,296,018 shares during the period. Finally, Boston Partners grew its position in shares of Eldorado Gold by 3.8% in the 4th quarter. Boston Partners now owns 1,777,646 shares of the basic materials company’s stock valued at $26,456,000 after purchasing an additional 64,528 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Up 1.8 %

Eldorado Gold stock opened at $17.92 on Thursday. 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 1-year low of $13.29 and a 1-year high of $19.06. The company has a fifty day simple moving average of $15.04 and a 200 day simple moving average of $15.93. The company has a market cap of $3.67 billion, a P/E ratio of 12.80 and a beta of 0.81.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million during the quarter, compared to analysts’ expectations of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. Research analysts anticipate that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Wednesday. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Scotiabank reduced their price objective on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

About Eldorado Gold

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.