Fox Run Management L.L.C. Purchases Shares of 17,097 Eldorado Gold Co. (NYSE:EGO)

Fox Run Management L.L.C. acquired a new position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,097 shares of the basic materials company’s stock, valued at approximately $254,000.

Several other institutional investors have also modified their holdings of EGO. SBI Securities Co. Ltd. purchased a new position in shares of Eldorado Gold in the 4th quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Eldorado Gold during the fourth quarter worth about $113,000. Toronto Dominion Bank increased its position in shares of Eldorado Gold by 84.9% during 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 in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Eldorado Gold by 16.1% during 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 in the last quarter. Finally, Perpetual Ltd purchased a new stake in shares of Eldorado Gold in the 4th quarter valued at about $425,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EGO. Scotiabank dropped their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Eldorado Gold Stock Up 1.7 %

EGO opened at $16.67 on Friday. The business has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $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 market cap of $3.42 billion, a PE ratio of 11.90 and a beta of 1.11. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23.

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, topping the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $435.70 million during the quarter, compared to analysts’ expectations of $440.43 million. As a group, research analysts anticipate that Eldorado Gold Co. will post 1.5 EPS for the current 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.