ANTIPODES PARTNERS Ltd Has $39.41 Million Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

ANTIPODES PARTNERS Ltd increased its position in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 648.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,649,986 shares of the basic materials company’s stock after purchasing an additional 2,296,018 shares during the quarter. Eldorado Gold accounts for 1.4% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 26th biggest holding. ANTIPODES PARTNERS Ltd’s holdings in Eldorado Gold were worth $39,408,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in Eldorado Gold by 0.3% in the 4th quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock valued at $3,737,000 after acquiring an additional 804 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold during the 3rd quarter worth approximately $36,000. Swiss National Bank lifted its position in shares of Eldorado Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company’s stock worth $6,000,000 after buying an additional 2,500 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Eldorado Gold by 16.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company’s stock worth $297,000 after buying an additional 2,775 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Eldorado Gold during the 4th quarter worth approximately $55,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on EGO. Scotiabank lowered their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a report on Friday, February 7th. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $14.66 on Thursday. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.00 billion, a PE ratio of 10.47 and a beta of 1.11. The firm has a fifty day simple moving average of $14.75 and a two-hundred day simple moving average of $16.00. Eldorado Gold Co. has a twelve month low of $12.36 and a twelve month high of $19.06.

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