Boston Partners Acquires 64,528 Shares of Eldorado Gold Co. (NYSE:EGO)

Boston Partners lifted its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,777,646 shares of the basic materials company’s stock after acquiring an additional 64,528 shares during the period. Boston Partners’ holdings in Eldorado Gold were worth $26,456,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EGO. Banque Cantonale Vaudoise bought a new stake in Eldorado Gold in the third quarter worth about $36,000. SBI Securities Co. Ltd. bought a new stake in Eldorado Gold in the fourth quarter worth about $55,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Eldorado Gold in the fourth quarter worth about $113,000. Toronto Dominion Bank lifted its stake in Eldorado Gold by 84.9% in the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 8,512 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock worth $297,000 after purchasing an additional 2,775 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $15.74 on Thursday. The company has a 50 day moving average price of $14.74 and a 200-day moving average price of $15.94. 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 fifty-two week low of $12.90 and a fifty-two week high of $19.06. The company has a market capitalization of $3.23 billion, a PE ratio of 11.25 and a beta of 1.11.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results 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. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. As a group, equities analysts forecast that Eldorado Gold Co. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EGO. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Scotiabank decreased 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. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

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.