International Assets Investment Management LLC Makes New Investment in Eldorado Gold Co. (NYSE:EGO)

International Assets Investment Management LLC bought a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,703 shares of the basic materials company’s stock, valued at approximately $394,000.

Several other hedge funds also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its position in shares of Eldorado Gold by 9.8% during the first quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock worth $196,261,000 after acquiring an additional 1,240,732 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Eldorado Gold by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company’s stock worth $95,858,000 after acquiring an additional 38,630 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eldorado Gold by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock worth $68,149,000 after acquiring an additional 136,900 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Eldorado Gold by 20.9% during the first quarter. Hillsdale Investment Management Inc. now owns 2,137,927 shares of the basic materials company’s stock worth $30,065,000 after acquiring an additional 369,127 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Eldorado Gold by 2.8% during the first quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company’s stock worth $28,421,000 after acquiring an additional 55,000 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EGO. TD Securities lowered their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday. Scotiabank increased their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. CIBC raised their target price on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada raised their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.88.

Eldorado Gold Stock Down 1.3 %

Eldorado Gold stock opened at $16.20 on Thursday. The company has a market cap of $3.32 billion, a P/E ratio of 12.25 and a beta of 0.95. Eldorado Gold Co. has a 1-year low of $9.72 and a 1-year high of $19.06. The company has a fifty day simple moving average of $17.37 and a 200 day simple moving average of $16.37. 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 (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The business had revenue of $331.76 million during the quarter. During the same period last year, the business posted $0.17 EPS. Research analysts anticipate that Eldorado Gold Co. will post 1.45 earnings per share for the current fiscal year.

Eldorado Gold 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.