American Century Companies Inc. Has $17.76 Million Stake in Eldorado Gold Co. (NYSE:EGO)

American Century Companies Inc. reduced its holdings in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,201,950 shares of the basic materials company’s stock after selling 293,928 shares during the period. American Century Companies Inc.’s holdings in Eldorado Gold were worth $17,762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Eldorado Gold by 1.7% in the 1st quarter. Van ECK Associates Corp now owns 22,526,713 shares of the basic materials company’s stock valued at $316,950,000 after purchasing an additional 380,991 shares during the period. Donald Smith & CO. Inc. boosted its holdings in Eldorado Gold by 9.8% during the first quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock worth $196,261,000 after buying an additional 1,240,732 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Eldorado Gold by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company’s stock worth $95,858,000 after buying an additional 38,630 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Eldorado Gold by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,203,248 shares of the basic materials company’s stock valued at $54,517,000 after acquiring an additional 295,282 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Eldorado Gold in the 1st quarter valued at approximately $36,374,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Price Performance

Shares of NYSE EGO opened at $17.54 on Friday. The firm has a market cap of $3.59 billion, a P/E ratio of 30.77 and a beta of 0.95. The business’s 50 day moving average is $16.88 and its 200-day moving average is $15.48. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. Eldorado Gold Co. has a 1-year low of $8.30 and a 1-year high of $18.38.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $297.14 million for the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same quarter in the previous year, the business earned $0.09 EPS. Equities research analysts predict that Eldorado Gold Co. will post 1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EGO has been the subject of several recent analyst reports. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. CIBC boosted their price target on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank raised their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.38.

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.