Y Intercept Hong Kong Ltd Raises Stock Holdings in Eldorado Gold Corporation $EGO

Y Intercept Hong Kong Ltd boosted its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 462.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,523 shares of the basic materials company’s stock after purchasing an additional 143,503 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.09% of Eldorado Gold worth $5,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gabelli Funds LLC grew its position in shares of Eldorado Gold by 11.8% in the 3rd quarter. Gabelli Funds LLC now owns 1,342,600 shares of the basic materials company’s stock worth $38,788,000 after buying an additional 141,900 shares during the period. TT International Asset Management LTD lifted its position in Eldorado Gold by 1,730.9% during the 4th quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company’s stock valued at $26,916,000 after acquiring an additional 710,290 shares during the period. Schroder Investment Management Group boosted its stake in Eldorado Gold by 94.9% during the third quarter. Schroder Investment Management Group now owns 1,448,558 shares of the basic materials company’s stock worth $41,240,000 after acquiring an additional 705,140 shares in the last quarter. American Century Companies Inc. boosted its stake in Eldorado Gold by 36.5% during the third quarter. American Century Companies Inc. now owns 1,565,341 shares of the basic materials company’s stock worth $45,207,000 after acquiring an additional 418,982 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in Eldorado Gold in the fourth quarter worth about $3,214,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 0.2%

NYSE:EGO opened at $33.61 on Friday. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.20 and a beta of 0.62. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average price is $31.95 and its 200-day moving average price is $36.60. Eldorado Gold Corporation has a 52 week low of $19.62 and a 52 week high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The business had revenue of $532.43 million for the quarter, compared to analysts’ expectations of $503.31 million. On average, equities research analysts forecast that Eldorado Gold Corporation will post 4.27 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $0.075 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. Eldorado Gold’s payout ratio is currently 10.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EGO shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 15th. Weiss Ratings cut Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. TD Securities reduced their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, Zacks Research raised Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.50.

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.