American Century Companies Inc. Sells 293,928 Shares of Eldorado Gold Co. (NYSE:EGO)

American Century Companies Inc. lessened its stake in Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 19.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,201,950 shares of the basic materials company’s stock after selling 293,928 shares during the period. American Century Companies Inc. owned about 0.59% of Eldorado Gold worth $17,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Eldorado Gold in the 2nd quarter worth approximately $97,000. Custom Index Systems LLC acquired a new position in shares of Eldorado Gold in the second quarter valued at $330,000. Acadian Asset Management LLC bought a new position in Eldorado Gold in the second quarter worth $912,000. TD Asset Management Inc boosted its stake in Eldorado Gold by 1.0% during the second quarter. TD Asset Management Inc now owns 544,385 shares of the basic materials company’s stock worth $8,040,000 after buying an additional 5,393 shares in the last quarter. Finally, Versor Investments LP increased its holdings in Eldorado Gold by 49.6% in the 2nd quarter. Versor Investments LP now owns 56,114 shares of the basic materials company’s stock valued at $829,000 after buying an additional 18,613 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Stock Performance

NYSE:EGO opened at $17.54 on Friday. The stock has a market capitalization of $3.59 billion, a P/E ratio of 30.77 and a beta of 0.95. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. Eldorado Gold Co. has a 1 year low of $8.30 and a 1 year high of $18.38. The firm has a 50 day moving average of $16.88 and a 200-day moving average of $15.48.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $297.14 million during the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, sell-side analysts anticipate that Eldorado Gold Co. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on EGO shares. Royal Bank of Canada lifted their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. CIBC lifted their price objective on Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Finally, Scotiabank boosted their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.38.

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.