Eldorado Gold Co. (NYSE:EGO) Holdings Lifted by Shell Asset Management Co.

Shell Asset Management Co. boosted its stake in Eldorado Gold Co. (NYSE:EGOFree Report) (TSE:ELD) by 8.2% in the third quarter, Holdings Channel reports. The institutional investor owned 15,900 shares of the basic materials company’s stock after acquiring an additional 1,200 shares during the quarter. Shell Asset Management Co.’s holdings in Eldorado Gold were worth $143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EGO. Arrowstreet Capital Limited Partnership lifted its position in Eldorado Gold by 234.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,869,793 shares of the basic materials company’s stock worth $40,084,000 after buying an additional 2,711,353 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Eldorado Gold by 113.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,167,313 shares of the basic materials company’s stock valued at $26,629,000 after purchasing an additional 2,216,406 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Eldorado Gold by 1,043.9% during the 1st quarter. Royal Bank of Canada now owns 1,779,308 shares of the basic materials company’s stock valued at $19,945,000 after purchasing an additional 1,623,765 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Eldorado Gold by 981.7% during the 2nd quarter. Mackenzie Financial Corp now owns 1,205,563 shares of the basic materials company’s stock valued at $12,202,000 after purchasing an additional 1,094,114 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Eldorado Gold by 56.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,483,186 shares of the basic materials company’s stock valued at $27,837,000 after purchasing an additional 893,744 shares in the last quarter. Hedge funds and other institutional investors own 58.23% of the company’s stock.

Eldorado Gold Stock Performance

NYSE:EGO opened at $11.80 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 2.89 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.40 billion, a PE ratio of 38.06 and a beta of 1.14. The firm’s fifty day simple moving average is $12.53 and its 200 day simple moving average is $10.89. Eldorado Gold Co. has a 1 year low of $8.12 and a 1 year high of $13.71.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EGO shares. TheStreet upgraded shares of Eldorado Gold from a “d+” rating to a “c-” rating in a report on Friday, November 3rd. CIBC raised their price target on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. TD Securities raised their price target on shares of Eldorado Gold from $11.00 to $12.00 and gave the company a “hold” rating in a report on Monday, October 30th. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.13.

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Eldorado Gold Profile

(Free Report)

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 gold mines located in western Turkey; Lamaque gold mines 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.

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Want to see what other hedge funds are holding EGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eldorado Gold Co. (NYSE:EGOFree Report) (TSE:ELD).

Institutional Ownership by Quarter for Eldorado Gold (NYSE:EGO)

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