Regal Partners Ltd Makes New Investment in Eldorado Gold Corporation $EGO

Regal Partners Ltd bought a new stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,161 shares of the basic materials company’s stock, valued at approximately $525,000.

A number of other hedge funds also recently modified their holdings of EGO. TD Waterhouse Canada Inc. grew its stake in Eldorado Gold by 35.4% during the second quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after buying an additional 587 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Eldorado Gold by 7.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 9,693 shares of the basic materials company’s stock valued at $197,000 after buying an additional 687 shares during the period. Fox Run Management L.L.C. raised its position in shares of Eldorado Gold by 2.6% in the 2nd quarter. Fox Run Management L.L.C. now owns 29,553 shares of the basic materials company’s stock valued at $601,000 after buying an additional 759 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Eldorado Gold by 10.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,406 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 908 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its holdings in shares of Eldorado Gold by 6.4% during the 2nd quarter. Northwest & Ethical Investments L.P. now owns 22,155 shares of the basic materials company’s stock worth $451,000 after acquiring an additional 1,340 shares during the period. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EGO. Bank of America lifted their price objective on shares of Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a research note on Monday, December 1st. Canaccord Genuity Group downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, February 20th. TD Securities decreased their price target on Eldorado Gold from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, February 24th. TD Cowen lowered their price target on Eldorado Gold from $47.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.71.

Eldorado Gold Stock Down 0.1%

Shares of NYSE:EGO opened at $40.41 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.14 and a beta of 0.51. The business’s 50-day moving average is $42.22 and its 200-day moving average is $33.40. Eldorado Gold Corporation has a 1 year low of $14.06 and a 1 year high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. Equities research analysts predict that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

Eldorado Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th. Eldorado Gold’s dividend payout ratio (DPR) is presently 12.10%.

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.