Centiva Capital LP Acquires Shares of 37,420 Eldorado Gold Corporation $EGO

Centiva Capital LP bought a new stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 3rd quarter, Holdings Channel.com reports. The fund bought 37,420 shares of the basic materials company’s stock, valued at approximately $1,081,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Eldorado Gold during the second quarter valued at $32,000. TD Waterhouse Canada Inc. boosted its holdings in Eldorado Gold by 35.4% in the second quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 587 shares during the last quarter. State of Wyoming acquired a new stake in Eldorado Gold in the second quarter worth about $58,000. Employees Retirement System of Texas acquired a new stake in Eldorado Gold in the second quarter worth about $83,000. Finally, Jacobsen Capital Management bought a new stake in Eldorado Gold during the 3rd quarter worth about $217,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of EGO stock opened at $36.73 on Friday. The stock has a market cap of $7.29 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.13 and a beta of 0.51. The stock has a 50-day moving average of $42.63 and a 200-day moving average of $33.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46. Eldorado Gold Corporation has a one year low of $14.96 and a one year high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $575.14 million for the quarter, compared to the consensus estimate of $500.42 million. Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%. As a group, sell-side analysts expect 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 was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Eldorado Gold’s dividend payout ratio (DPR) is currently 12.10%.

Wall Street Analyst Weigh In

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

About Eldorado Gold

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.