Public Employees Retirement System of Ohio Makes New Investment in Eldorado Gold Co. (NYSE:EGO)

Public Employees Retirement System of Ohio acquired a new stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 150,899 shares of the basic materials company’s stock, valued at approximately $2,626,000.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC raised its stake in Eldorado Gold by 65.0% in the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock valued at $104,777,000 after purchasing an additional 2,376,241 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Eldorado Gold in the second quarter valued at approximately $6,992,000. Jessup Wealth Management Inc purchased a new position in shares of Eldorado Gold during the second quarter valued at approximately $6,910,000. Millennium Management LLC boosted its position in Eldorado Gold by 230.6% during the second quarter. Millennium Management LLC now owns 188,529 shares of the basic materials company’s stock worth $2,788,000 after acquiring an additional 332,913 shares during the last quarter. Finally, Equinox Partners Investment Management LLC grew its stake in Eldorado Gold by 32.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after acquiring an additional 239,800 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Up 0.1 %

Shares of NYSE:EGO opened at $15.98 on Tuesday. The company has a 50 day moving average of $16.70 and a two-hundred day moving average of $16.55. Eldorado Gold Co. has a 52-week low of $9.72 and a 52-week high of $19.06. 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 $3.27 billion, a price-to-earnings ratio of 11.92 and a beta of 0.93.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The firm had revenue of $331.76 million during the quarter. During the same quarter last year, the business earned $0.17 EPS. As a group, analysts forecast that Eldorado Gold Co. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on EGO shares. Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank raised their price target on 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 downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, TD Securities decreased their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Eldorado Gold has a consensus rating of “Hold” and a consensus price target of $20.88.

About Eldorado Gold

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.