American Century Companies Inc. Buys 20,232 Shares of Eldorado Gold Corporation $EGO

American Century Companies Inc. lifted its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,057,607 shares of the basic materials company’s stock after buying an additional 20,232 shares during the quarter. American Century Companies Inc. owned about 0.51% of Eldorado Gold worth $17,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Donald Smith & CO. Inc. raised its stake in shares of Eldorado Gold by 3.2% in the first quarter. Donald Smith & CO. Inc. now owns 12,492,756 shares of the basic materials company’s stock worth $210,128,000 after buying an additional 391,776 shares during the period. Vanguard Group Inc. raised its stake in Eldorado Gold by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 8,029,969 shares of the basic materials company’s stock valued at $134,984,000 after purchasing an additional 148,567 shares during the period. Jennison Associates LLC raised its stake in Eldorado Gold by 2.2% during the 1st 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 period. Carrhae Capital LLP raised its stake in Eldorado Gold by 10.7% during the 1st quarter. Carrhae Capital LLP now owns 6,689,304 shares of the basic materials company’s stock valued at $112,514,000 after purchasing an additional 648,574 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Eldorado Gold by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,971,617 shares of the basic materials company’s stock valued at $73,927,000 after purchasing an additional 74,389 shares during the period. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Canaccord Genuity Group decreased their target price on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, May 5th. Scotiabank reissued a “sector perform” rating on shares of Eldorado Gold in a research note on Monday, August 11th. Wall Street Zen downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. CIBC reaffirmed an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average price target of $23.60.

Eldorado Gold Stock Performance

NYSE:EGO opened at $23.4960 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65. Eldorado Gold Corporation has a 1 year low of $13.29 and a 1 year high of $23.74. The stock’s 50 day simple moving average is $21.20 and its two-hundred day simple moving average is $18.75. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.37 and a beta of 0.37.

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

About Eldorado Gold

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.