Dimensional Fund Advisors LP Has $68.15 Million Position in Eldorado Gold Co. (NYSE:EGO)

Dimensional Fund Advisors LP boosted its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,607,786 shares of the basic materials company’s stock after buying an additional 136,900 shares during the period. Dimensional Fund Advisors LP owned approximately 2.25% of Eldorado Gold worth $68,149,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. C M Bidwell & Associates Ltd. acquired a new position in Eldorado Gold in the fourth quarter valued at approximately $37,000. Tobam lifted its holdings in Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock valued at $74,000 after buying an additional 651 shares during the period. Headlands Technologies LLC bought a new stake in Eldorado Gold in the second quarter valued at approximately $97,000. Virtu Financial LLC bought a new stake in Eldorado Gold in the first quarter valued at approximately $165,000. Finally, SG Americas Securities LLC increased its stake in Eldorado Gold by 59.6% in the first quarter. SG Americas Securities LLC now owns 22,303 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 8,326 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on EGO. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. CIBC upped their target price on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Royal Bank of Canada upped their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank upped their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.38.

Eldorado Gold Stock Down 4.7 %

Shares of EGO stock opened at $17.61 on Friday. The firm has a fifty day moving average of $17.02 and a 200-day moving average of $15.72. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20. Eldorado Gold Co. has a 12-month low of $8.30 and a 12-month high of $18.85. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 30.89 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. The business had revenue of $297.14 million during the quarter. During the same quarter in the previous year, the company posted $0.09 EPS. As a group, equities research analysts predict that Eldorado Gold Co. will post 1.4 earnings per share for the current fiscal 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.