112,600 Shares in Eldorado Gold Co. (NYSE:EGO) Purchased by Mudita Advisors LLP

Mudita Advisors LLP acquired a new stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 112,600 shares of the basic materials company’s stock, valued at approximately $1,956,000. Eldorado Gold makes up about 1.1% of Mudita Advisors LLP’s holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Eldorado Gold by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company’s stock valued at $95,858,000 after buying an additional 38,630 shares in the last quarter. Jennison Associates LLC raised its position in shares of Eldorado Gold by 65.0% during the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock worth $104,777,000 after purchasing an additional 2,376,241 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Eldorado Gold by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock worth $68,149,000 after purchasing an additional 136,900 shares during the period. Equinox Partners Investment Management LLC raised its position in shares of Eldorado Gold by 32.0% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after purchasing an additional 239,800 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Eldorado Gold by 1.0% during the 2nd quarter. TD Asset Management Inc now owns 544,385 shares of the basic materials company’s stock worth $8,040,000 after purchasing an additional 5,393 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EGO. Scotiabank increased their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, TD Securities decreased their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Eldorado Gold has an average rating of “Hold” and a consensus target price of $20.88.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $15.70 on Wednesday. Eldorado Gold Co. has a one year low of $9.72 and a one year high of $19.06. The stock has a fifty day moving average of $17.11 and a 200-day moving average of $16.50. The company has a market capitalization of $3.22 billion, a PE ratio of 11.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The company had revenue of $331.76 million during the quarter. During the same quarter last year, the company posted $0.17 EPS. As a group, equities analysts anticipate that Eldorado Gold Co. will post 1.42 EPS 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.