Boston Partners Has $29.07 Million Stock Position in Eldorado Gold Co. (NYSE:EGO)

Boston Partners reduced its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 2.6% during the first quarter, Holdings Channel.com reports. The fund owned 2,044,937 shares of the basic materials company’s stock after selling 54,651 shares during the period. Boston Partners’ holdings in Eldorado Gold were worth $29,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triasima Portfolio Management inc. acquired a new position in shares of Eldorado Gold in the fourth quarter worth approximately $18,548,000. Dimensional Fund Advisors LP increased its holdings in shares of Eldorado Gold by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,203,248 shares of the basic materials company’s stock valued at $54,517,000 after acquiring an additional 295,282 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Eldorado Gold by 321.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,768,800 shares of the basic materials company’s stock valued at $22,971,000 after acquiring an additional 1,348,900 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Eldorado Gold by 2.0% during the third quarter. Vanguard Group Inc. now owns 6,694,600 shares of the basic materials company’s stock valued at $59,649,000 after acquiring an additional 128,430 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Eldorado Gold by 2.8% during the first quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company’s stock valued at $28,421,000 after acquiring an additional 55,000 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EGO has been the subject of several recent research reports. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. CIBC upped their price target on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Scotiabank upped their price target on Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Finally, Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $20.00 in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold currently has an average rating of “Hold” and a consensus price target of $16.50.

Eldorado Gold Stock Performance

NYSE:EGO traded up $0.09 during trading on Friday, reaching $16.84. The company’s stock had a trading volume of 3,716,827 shares, compared to its average volume of 1,189,421. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 0.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62. The firm has a 50 day moving average of $15.77 and a 200-day moving average of $14.23. Eldorado Gold Co. has a 12 month low of $8.30 and a 12 month high of $17.30.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $297.14 million during the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same quarter last year, the company earned $0.09 EPS. Research analysts expect that Eldorado Gold Co. will post 1.32 EPS for the current fiscal year.

Eldorado Gold Company 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.