Eldorado Gold Co. (NYSE:EGO) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. boosted its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 20.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,708,184 shares of the basic materials company’s stock after acquiring 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 6.26% of Eldorado Gold worth $164,825,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Shell Asset Management Co. grew its holdings in Eldorado Gold by 8.2% during the 3rd quarter. Shell Asset Management Co. now owns 15,900 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 1,200 shares during the period. Bank of Nova Scotia grew its holdings in shares of Eldorado Gold by 10.2% in the 3rd quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock valued at $130,000 after buying an additional 1,343 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Eldorado Gold by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,132 shares of the basic materials company’s stock valued at $625,000 after buying an additional 1,630 shares during the period. Parkside Financial Bank & Trust acquired a new position in shares of Eldorado Gold in the 4th quarter valued at $35,000. Finally, Tobam acquired a new position in shares of Eldorado Gold in the 4th quarter valued at $68,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EGO shares. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. CIBC upped their target price on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. TD Securities cut their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.30.

Eldorado Gold Stock Performance

Eldorado Gold stock traded down $0.01 during trading hours on Monday, hitting $15.19. The company had a trading volume of 1,494,708 shares, compared to its average volume of 1,691,914. Eldorado Gold Co. has a one year low of $8.30 and a one year high of $16.07. The firm has a 50-day moving average of $13.30 and a 200 day moving average of $12.35. The firm has a market cap of $3.10 billion, a PE ratio of 26.67, a PEG ratio of 6.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.50 and a quick ratio of 2.52.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $306.90 million for the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. On average, sell-side analysts expect that Eldorado Gold Co. will post 0.73 earnings per share for the current 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.