Trexquant Investment LP Buys 76,863 Shares of Eldorado Gold Co. (NYSE:EGO)

Trexquant Investment LP raised its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 39.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 272,594 shares of the basic materials company’s stock after acquiring an additional 76,863 shares during the period. Trexquant Investment LP owned approximately 0.13% of Eldorado Gold worth $4,053,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EGO. Vanguard Group Inc. increased its holdings in shares of Eldorado Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company’s stock worth $117,228,000 after purchasing an additional 136,594 shares during the last quarter. Jennison Associates LLC grew its holdings in Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after buying an additional 1,058,137 shares in the last quarter. Carrhae Capital LLP increased its stake in Eldorado Gold by 13.9% in the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock worth $89,826,000 after acquiring an additional 738,233 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Eldorado Gold by 648.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company’s stock worth $39,408,000 after acquiring an additional 2,296,018 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Eldorado Gold by 3.8% during the 4th quarter. Boston Partners now owns 1,777,646 shares of the basic materials company’s stock valued at $26,456,000 after acquiring an additional 64,528 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Price Performance

Eldorado Gold stock opened at $16.17 on Friday. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 11.55 and a beta of 0.81. The firm has a 50-day moving average of $15.10 and a two-hundred day moving average of $15.92. Eldorado Gold Co. has a 1 year low of $13.29 and a 1 year high of $19.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EGO. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. Scotiabank decreased their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada increased their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday. Finally, StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of $19.75.

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.