316,650 Shares in Eldorado Gold Co. (NYSE:EGO) Bought by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 316,650 shares of the basic materials company’s stock, valued at approximately $4,709,000. Heartland Advisors Inc. owned approximately 0.15% of Eldorado Gold at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Eldorado Gold in the 4th quarter valued at approximately $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Eldorado Gold in the fourth quarter worth $113,000. Fox Run Management L.L.C. bought a new stake in shares of Eldorado Gold during the 4th quarter worth $254,000. Atria Wealth Solutions Inc. boosted its holdings in shares of Eldorado Gold by 16.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock worth $297,000 after buying an additional 2,775 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Eldorado Gold by 84.9% in the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 8,512 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Scotiabank lowered their target price on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Eldorado Gold Price Performance

Shares of EGO stock opened at $16.76 on Friday. The company has a market capitalization of $3.43 billion, a P/E ratio of 11.97 and a beta of 1.11. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $19.06. The stock has a 50 day moving average of $14.87 and a two-hundred day moving average of $15.93.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current 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.