Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys Shares of 33,900 Eldorado Gold Co. (NYSE:EGO)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) in the fourth quarter, Holdings Channel reports. The fund purchased 33,900 shares of the basic materials company’s stock, valued at approximately $504,000. Eldorado Gold accounts for approximately 0.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 15th biggest position.

Several other institutional investors have also made changes to their positions in EGO. Vanguard Group Inc. lifted its position in Eldorado Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company’s stock worth $117,228,000 after buying an additional 136,594 shares in the last quarter. Jennison Associates LLC increased its stake in shares of 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 worth $105,431,000 after acquiring an additional 1,058,137 shares during the last quarter. Carrhae Capital LLP raised its holdings in shares of Eldorado Gold by 13.9% during the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock worth $89,826,000 after acquiring an additional 738,233 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Eldorado Gold by 648.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company’s stock worth $39,408,000 after acquiring an additional 2,296,018 shares in the last quarter. Finally, Boston Partners boosted its position in Eldorado Gold by 3.8% during the fourth 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 last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Performance

Shares of NYSE EGO opened at $16.76 on Friday. The business’s 50-day simple moving average is $14.87 and its 200-day simple moving average is $15.93. Eldorado Gold Co. has a 52 week low of $13.29 and a 52 week high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 11.97 and a beta of 1.11.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $435.70 million for 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%. As a group, equities research analysts expect that Eldorado Gold Co. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on EGO. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. Scotiabank dropped their price objective on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.