Vanguard Group Inc. Purchases 15,433 Shares of Eldorado Gold Corporation $EGO

Vanguard Group Inc. increased its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,403,334 shares of the basic materials company’s stock after acquiring an additional 15,433 shares during the quarter. Vanguard Group Inc.’s holdings in Eldorado Gold were worth $302,016,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in Eldorado Gold in the 4th quarter worth about $36,000. Aventura Private Wealth LLC acquired a new stake in Eldorado Gold in the 4th quarter worth about $36,000. Wexford Capital LP acquired a new stake in Eldorado Gold in the 3rd quarter worth about $37,000. Headlands Technologies LLC acquired a new stake in Eldorado Gold in the 2nd quarter worth about $32,000. Finally, State of Wyoming acquired a new stake in Eldorado Gold in the 2nd quarter worth about $58,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Up 4.2%

Shares of Eldorado Gold stock opened at $32.99 on Friday. Eldorado Gold Corporation has a 1 year low of $17.18 and a 1 year high of $51.16. The company has a current ratio of 1.62, a quick ratio of 1.46 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $6.55 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.18 and a beta of 0.56. The firm’s 50 day moving average is $35.89 and its 200 day moving average is $35.62.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%. The firm had revenue of $532.43 million for the quarter, compared to analyst estimates of $503.31 million. Equities research analysts forecast that Eldorado Gold Corporation will post 4.26 earnings per share for the current fiscal year.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold’s payout ratio is presently 10.68%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 15th. TD Cowen dropped their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. TD Securities dropped their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada cut shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 target price for the company. in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 target price for the company. in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.50.

Eldorado Gold 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.