Fox Run Management L.L.C. Makes New $254,000 Investment in Eldorado Gold Co. (NYSE:EGO)

Fox Run Management L.L.C. bought a new stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 17,097 shares of the basic materials company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EGO. ANTIPODES PARTNERS Ltd increased its stake in 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 in the last quarter. Jennison Associates LLC grew 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 purchasing an additional 1,058,137 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Eldorado Gold in the third quarter valued at $2,626,000. Amundi raised its stake in shares of Eldorado Gold by 13.6% during the 4th quarter. Amundi now owns 1,095,624 shares of the basic materials company’s stock worth $17,585,000 after buying an additional 130,848 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Eldorado Gold by 22.9% in the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company’s stock worth $11,089,000 after buying an additional 118,760 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Price Performance

NYSE:EGO opened at $16.67 on Friday. Eldorado Gold Co. has a 12-month low of $13.29 and a 12-month high of $19.06. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 11.90 and a beta of 1.11. The company’s 50-day moving average is $14.83 and its two-hundred day moving average is $15.93. 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 posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million during the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. Research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EGO shares. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Scotiabank dropped their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.