American Century Companies Inc. Increases Stake in Eldorado Gold Corporation $EGO

American Century Companies Inc. grew its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 8.4% during the 2nd quarter, Holdings Channel reports. The fund owned 1,146,359 shares of the basic materials company’s stock after buying an additional 88,752 shares during the quarter. American Century Companies Inc.’s holdings in Eldorado Gold were worth $23,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EGO. Donald Smith & CO. Inc. raised its holdings in Eldorado Gold by 3.2% during the first quarter. Donald Smith & CO. Inc. now owns 12,492,756 shares of the basic materials company’s stock worth $210,128,000 after purchasing an additional 391,776 shares in the last quarter. L1 Capital Pty Ltd boosted its holdings in Eldorado Gold by 22.7% in the 1st quarter. L1 Capital Pty Ltd now owns 8,774,080 shares of the basic materials company’s stock valued at $147,580,000 after purchasing an additional 1,621,173 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Eldorado Gold by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 8,029,969 shares of the basic materials company’s stock worth $134,984,000 after buying an additional 148,567 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Eldorado Gold by 10.3% in the 2nd quarter. Jennison Associates LLC now owns 7,990,223 shares of the basic materials company’s stock valued at $162,521,000 after buying an additional 744,419 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Eldorado Gold by 17.9% in the 1st quarter. Invesco Ltd. now owns 2,347,487 shares of the basic materials company’s stock valued at $39,485,000 after buying an additional 355,962 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Price Performance

Shares of NYSE EGO opened at $31.26 on Tuesday. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $27.95 and its 200 day moving average price is $24.17. Eldorado Gold Corporation has a 52 week low of $13.29 and a 52 week high of $31.84. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.29 and a beta of 0.49.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.08). The business had revenue of $436.44 million during the quarter, compared to analysts’ expectations of $422.25 million. Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. As a group, research analysts forecast that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on EGO. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Bank of America increased their price target on shares of Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.20.

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.