Tudor Investment Corp ET AL Has $11.25 Million Stock Position in Eldorado Gold Corporation $EGO

Tudor Investment Corp ET AL lowered its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 22.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,274 shares of the basic materials company’s stock after selling 115,292 shares during the period. Tudor Investment Corp ET AL owned about 0.19% of Eldorado Gold worth $11,246,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Swiss Life Asset Management Ltd acquired a new position in Eldorado Gold in the third quarter valued at about $270,000. Carrhae Capital LLP raised its position in shares of Eldorado Gold by 10.6% during the third quarter. Carrhae Capital LLP now owns 4,994,738 shares of the basic materials company’s stock worth $144,298,000 after purchasing an additional 480,253 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Eldorado Gold by 0.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock valued at $1,794,000 after purchasing an additional 582 shares in the last quarter. Wexford Capital LP bought a new position in shares of Eldorado Gold during the 3rd quarter valued at about $37,000. Finally, Verition Fund Management LLC grew its position in shares of Eldorado Gold by 14.1% in the 3rd quarter. Verition Fund Management LLC now owns 54,422 shares of the basic materials company’s stock valued at $1,572,000 after purchasing an additional 6,706 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Trading Up 0.1%

NYSE EGO opened at $35.83 on Monday. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.15 and a beta of 0.66. The stock’s 50 day moving average price is $40.70 and its two-hundred day moving average price is $34.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83. Eldorado Gold Corporation has a 52 week low of $15.30 and a 52 week 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 for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%.The firm had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. As a group, analysts anticipate that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. Eldorado Gold’s dividend payout ratio (DPR) is 12.10%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Canaccord Genuity Group downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Scotiabank reduced their price target on shares of Eldorado Gold from $59.00 to $58.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 25th. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research report on Friday, February 20th. TD Securities dropped 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. Finally, Royal Bank Of Canada cut shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective on the stock. in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.