Mackenzie Financial Corp Has $10.35 Million Holdings in Eldorado Gold Co. (NYSE:EGO)

Mackenzie Financial Corp decreased its position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 796,885 shares of the basic materials company’s stock after selling 121,609 shares during the quarter. Mackenzie Financial Corp’s holdings in Eldorado Gold were worth $10,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EGO. Arrowstreet Capital Limited Partnership increased its holdings in shares of Eldorado Gold by 234.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,869,793 shares of the basic materials company’s stock valued at $40,084,000 after acquiring an additional 2,711,353 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Eldorado Gold by 113.6% during the second quarter. Goldman Sachs Group Inc. now owns 4,167,313 shares of the basic materials company’s stock valued at $26,629,000 after acquiring an additional 2,216,406 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Eldorado Gold by 10.8% during the third quarter. Van ECK Associates Corp now owns 21,446,611 shares of the basic materials company’s stock valued at $191,091,000 after acquiring an additional 2,094,276 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Eldorado Gold by 1,043.9% during the first quarter. Royal Bank of Canada now owns 1,779,308 shares of the basic materials company’s stock valued at $19,945,000 after acquiring an additional 1,623,765 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in shares of Eldorado Gold during the fourth quarter valued at approximately $18,548,000. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EGO shares. CIBC boosted their price objective on Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Stifel Nicolaus reiterated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. TD Securities decreased their price target on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a report on Monday, February 26th. Finally, Stifel Canada downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.30.

Eldorado Gold Stock Up 0.9 %

Shares of NYSE:EGO opened at $15.04 on Friday. The company has a market capitalization of $3.07 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 6.31 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.39 and a quick ratio of 2.53. The business has a fifty day moving average price of $12.95 and a two-hundred day moving average price of $12.11. Eldorado Gold Co. has a 1 year low of $8.30 and a 1 year high of $16.01.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $306.90 million during the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. Analysts forecast that Eldorado Gold Co. will post 0.77 earnings per share 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.