Donald Smith & CO. Inc. Raises Holdings in Eldorado Gold Co. (NYSE:EGO)

Donald Smith & CO. Inc. grew its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 20.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,708,184 shares of the basic materials company’s stock after buying an additional 2,136,824 shares during the period. Eldorado Gold accounts for 4.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 5th largest position. Donald Smith & CO. Inc. owned 0.06% of Eldorado Gold worth $164,825,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in shares of Eldorado Gold during the fourth quarter valued at approximately $35,000. Tobam bought a new position in shares of Eldorado Gold during the fourth quarter valued at approximately $68,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Eldorado Gold in the third quarter valued at approximately $89,000. Bank of Nova Scotia boosted its holdings in shares of Eldorado Gold by 10.2% in the third quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 1,343 shares during the period. Finally, Shell Asset Management Co. boosted its holdings in shares of Eldorado Gold by 8.2% in the third quarter. Shell Asset Management Co. now owns 15,900 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EGO has been the subject of a number of research reports. TD Securities lowered their price target on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a report on Monday, February 26th. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.30.

Eldorado Gold Stock Down 0.1 %

Eldorado Gold stock traded down $0.01 during mid-day trading on Monday, reaching $15.19. 1,494,708 shares of the company were exchanged, compared to its average volume of 1,691,914. The business has a fifty day moving average of $13.30 and a 200 day moving average of $12.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.52 and a current ratio of 3.50. The firm has a market cap of $3.10 billion, a P/E ratio of 26.67, a PEG ratio of 6.78 and a beta of 1.10. Eldorado Gold Co. has a 12-month low of $8.30 and a 12-month high of $16.07.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $306.90 million for the quarter. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. Research analysts anticipate that Eldorado Gold Co. will post 0.73 earnings per share for the current fiscal 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.