Russell Investments Group Ltd. Has $517,000 Stock Position in Eldorado Gold Corporation $EGO

Russell Investments Group Ltd. increased its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,732 shares of the basic materials company’s stock after buying an additional 1,580 shares during the period. Russell Investments Group Ltd.’s holdings in Eldorado Gold were worth $517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd lifted its position in Eldorado Gold by 43.5% during the 1st 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 period. Ruffer LLP acquired a new position in Eldorado Gold during the 1st quarter valued at about $16,687,000. Carrhae Capital LLP lifted its position 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. Wellington Management Group LLP acquired a new position in Eldorado Gold during the 4th quarter valued at about $6,973,000. Finally, Deutsche Bank AG lifted its position in Eldorado Gold by 85.2% during the 1st quarter. Deutsche Bank AG now owns 870,357 shares of the basic materials company’s stock valued at $14,639,000 after purchasing an additional 400,477 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Price Performance

NYSE EGO opened at $24.82 on Monday. The business has a 50 day simple moving average of $21.52 and a 200 day simple moving average of $19.09. Eldorado Gold Corporation has a 52-week low of $13.29 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.39 and a beta of 0.44.

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

Analyst Ratings Changes

A number of research analysts have issued reports on EGO shares. Canaccord Genuity Group cut their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Scotiabank reiterated a “sector perform” rating on shares of Eldorado Gold in a research report on Monday, August 11th. CIBC reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Finally, National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.60.

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.