Eldorado Gold Corporation $EGO Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,847 shares of the basic materials company’s stock after acquiring an additional 6,475 shares during the period. Public Employees Retirement System of Ohio’s holdings in Eldorado Gold were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in EGO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Eldorado Gold by 0.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company’s stock valued at $2,664,000 after acquiring an additional 1,174 shares during the period. Continuum Advisory LLC increased its position in shares of Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,945 shares during the period. Allspring Global Investments Holdings LLC grew its position in Eldorado Gold by 11.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company’s stock worth $4,242,000 after purchasing an additional 25,000 shares during the period. D.A. Davidson & CO. acquired a new stake in Eldorado Gold during the 1st quarter worth about $374,000. Finally, Bank of New York Mellon Corp grew its position in Eldorado Gold by 36.7% during the 1st quarter. Bank of New York Mellon Corp now owns 18,479 shares of the basic materials company’s stock worth $311,000 after purchasing an additional 4,966 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Stock Down 0.3%

EGO stock opened at $29.13 on Friday. The firm has a market cap of $5.92 billion, a PE ratio of 14.64, a PEG ratio of 0.44 and a beta of 0.44. 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 firm’s 50 day moving average price is $25.04 and its 200-day moving average price is $21.29. Eldorado Gold Corporation has a one year low of $13.29 and a one year high of $29.91.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $401.85 million. On average, equities research analysts anticipate that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EGO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a research report on Saturday, September 27th. CIBC reiterated an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Wall Street Zen upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Scotiabank restated a “sector perform” rating on shares of Eldorado Gold in a research report on Monday, August 11th. Finally, National Bankshares restated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Eldorado Gold currently has a consensus 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.