Eldorado Gold Corporation $EGO is Donald Smith & CO. Inc.’s 3rd Largest Position

Donald Smith & CO. Inc. cut its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 6.6% in the fourth quarter, Holdings Channel reports. The firm owned 7,360,022 shares of the basic materials company’s stock after selling 516,110 shares during the period. Eldorado Gold accounts for 5.0% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 3rd largest holding. Donald Smith & CO. Inc.’s holdings in Eldorado Gold were worth $264,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG raised its stake in shares of Eldorado Gold by 21.2% during the 4th quarter. Deutsche Bank AG now owns 1,275,008 shares of the basic materials company’s stock worth $45,798,000 after purchasing an additional 223,364 shares in the last quarter. LPL Financial LLC raised its stake in shares of Eldorado Gold by 13.7% during the 4th quarter. LPL Financial LLC now owns 109,215 shares of the basic materials company’s stock worth $3,923,000 after purchasing an additional 13,160 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Eldorado Gold by 32.1% during the 4th quarter. Franklin Resources Inc. now owns 738,700 shares of the basic materials company’s stock worth $26,550,000 after purchasing an additional 179,454 shares in the last quarter. Erste Asset Management GmbH raised its stake in shares of Eldorado Gold by 29.3% during the 4th quarter. Erste Asset Management GmbH now owns 39,700 shares of the basic materials company’s stock worth $1,416,000 after purchasing an additional 9,000 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Eldorado Gold by 55.6% during the 4th quarter. TD Asset Management Inc now owns 1,230,638 shares of the basic materials company’s stock worth $44,288,000 after purchasing an additional 439,583 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EGO has been the subject of a number of recent research reports. Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price target for the company. in a research note on Tuesday, February 17th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, April 15th. Scotiabank cut their price objective on Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 21st. Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. Finally, ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.50.

Eldorado Gold Stock Down 4.8%

Shares of EGO stock opened at $27.85 on Thursday. The stock’s 50 day simple moving average is $32.93 and its 200 day simple moving average is $36.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.18 and a current ratio of 1.62. Eldorado Gold Corporation has a twelve month low of $19.56 and a twelve month high of $51.16. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.17 and a beta of 0.58.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $503.31 million. As a group, research analysts predict that Eldorado Gold Corporation will post 4.27 EPS for the current year.

Eldorado Gold Dividend Announcement

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 $0.075 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a yield of 1.1%. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

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.