Marshall Wace LLP Makes New Investment in Eldorado Gold Co. (NYSE:EGO)

Marshall Wace LLP bought a new position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) in the fourth quarter, Holdings Channel.com reports. The firm bought 101,526 shares of the basic materials company’s stock, valued at approximately $1,510,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Eldorado Gold in the fourth quarter worth about $55,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Eldorado Gold in the fourth quarter worth about $113,000. Envestnet Asset Management Inc. bought a new position in shares of Eldorado Gold in the fourth quarter worth about $183,000. Fox Run Management L.L.C. bought a new position in shares of Eldorado Gold in the fourth quarter worth about $254,000. Finally, LaSalle St. Investment Advisors LLC lifted its holdings in shares of Eldorado Gold by 23.7% in the fourth quarter. LaSalle St. Investment Advisors LLC now owns 18,299 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 3,508 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of EGO opened at $19.20 on Tuesday. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.95 billion, a P/E ratio of 13.71 and a beta of 0.81. The firm’s fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $16.05. Eldorado Gold Co. has a 12 month low of $13.29 and a 12 month high of $20.65.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, analysts predict that Eldorado Gold Co. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EGO. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Thursday, April 10th. Scotiabank boosted their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Royal Bank of Canada boosted their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Finally, National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and an average target price of $20.38.

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.