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

Trexquant Investment LP boosted its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 39.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,594 shares of the basic materials company’s stock after buying an additional 76,863 shares during the quarter. Trexquant Investment LP’s holdings in Eldorado Gold were worth $4,053,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on EGO. Royal Bank of Canada raised 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. Scotiabank cut 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 downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and an average target price of $19.75.

Eldorado Gold Stock Down 8.6 %

NYSE:EGO opened at $16.17 on Friday. The company’s 50 day moving average is $15.10 and its two-hundred day moving average is $15.92. The company has a market cap of $3.31 billion, a PE ratio of 11.55 and a beta of 0.81. Eldorado Gold Co. has a twelve month low of $13.29 and a twelve month high of $19.06. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.

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 for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. Analysts anticipate 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.