Dimensional Fund Advisors LP Has $68.15 Million Stake in Eldorado Gold Co. (NYSE:EGO)

Dimensional Fund Advisors LP raised its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 3.1% in the second quarter, HoldingsChannel.com reports. The fund owned 4,607,786 shares of the basic materials company’s stock after purchasing an additional 136,900 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Eldorado Gold were worth $68,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its stake in Eldorado Gold by 130.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company’s stock valued at $890,000 after acquiring an additional 35,820 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Eldorado Gold in the second quarter valued at $2,238,000. Gabelli Funds LLC lifted its stake in Eldorado Gold by 2.8% in the first quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company’s stock valued at $28,421,000 after acquiring an additional 55,000 shares during the last quarter. Invenomic Capital Management LP lifted its stake in Eldorado Gold by 28.1% in the first quarter. Invenomic Capital Management LP now owns 1,738,044 shares of the basic materials company’s stock valued at $24,454,000 after acquiring an additional 380,982 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Eldorado Gold by 0.6% in the first quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company’s stock valued at $95,858,000 after acquiring an additional 38,630 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Price Performance

NYSE:EGO opened at $17.61 on Friday. Eldorado Gold Co. has a 52 week low of $8.30 and a 52 week high of $18.85. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 30.89 and a beta of 0.95. The firm’s 50-day simple moving average is $17.02 and its 200 day simple moving average is $15.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. The business had revenue of $297.14 million for the quarter. During the same period in the prior year, the business posted $0.09 earnings per share. As a group, sell-side analysts predict that Eldorado Gold Co. will post 1.4 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. CIBC increased their price target on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Scotiabank raised their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Finally, Royal Bank of Canada raised their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.