Eldorado Gold Corporation $EGO Shares Purchased by LPL Financial LLC

LPL Financial LLC lifted its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 645.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,708 shares of the basic materials company’s stock after purchasing an additional 145,202 shares during the quarter. LPL Financial LLC owned about 0.08% of Eldorado Gold worth $2,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. TD Asset Management Inc increased its holdings in shares of Eldorado Gold by 2.5% in the first quarter. TD Asset Management Inc now owns 578,577 shares of the basic materials company’s stock valued at $9,724,000 after purchasing an additional 14,180 shares during the last quarter. Heartland Advisors Inc. increased its holdings in shares of Eldorado Gold by 104.7% in the first quarter. Heartland Advisors Inc. now owns 648,100 shares of the basic materials company’s stock valued at $10,901,000 after purchasing an additional 331,450 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in shares of Eldorado Gold by 43.5% in the first quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company’s stock valued at $63,970,000 after purchasing an additional 1,152,909 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Eldorado Gold in the first quarter valued at approximately $186,000. Finally, Jennison Associates LLC increased its holdings in shares of Eldorado Gold by 2.2% in the first quarter. Jennison Associates LLC now owns 7,245,804 shares of the basic materials company’s stock valued at $121,874,000 after purchasing an additional 155,619 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Trading Up 1.6%

Shares of NYSE EGO opened at $22.81 on Monday. Eldorado Gold Corporation has a twelve month low of $13.29 and a twelve month high of $23.58. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $21.03 and a 200-day simple moving average of $18.48. The stock has a market capitalization of $4.63 billion, a PE ratio of 11.46, a PEG ratio of 0.36 and a beta of 0.37.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The firm had revenue of $459.53 million during the quarter, compared to analyst estimates of $401.85 million. On average, equities analysts forecast that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on EGO. National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Scotiabank reissued a “sector perform” rating on shares of Eldorado Gold in a research note on Monday, August 11th. CIBC reissued an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Wall Street Zen cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Canaccord Genuity Group cut their target price on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.60.

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.