Eldorado Gold Corporation $EGO Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,403,334 shares of the basic materials company’s stock after buying an additional 15,433 shares during the quarter. Vanguard Group Inc. owned 4.23% of Eldorado Gold worth $302,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC grew its position in Eldorado Gold by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 318 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in 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 worth $1,794,000 after purchasing an additional 582 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Eldorado Gold by 10.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,406 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 908 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Eldorado Gold during the 4th quarter worth approximately $36,000. Finally, Aventura Private Wealth LLC purchased a new position in Eldorado Gold during the 4th quarter worth approximately $36,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EGO has been the topic of several research analyst reports. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, April 15th. Zacks Research cut shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price target on the stock. in a report on Friday, February 20th. BMO Capital Markets restated an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.50.

Eldorado Gold Stock Up 4.2%

EGO stock opened at $32.99 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.46 and a debt-to-equity ratio of 0.27. Eldorado Gold Corporation has a 1 year low of $17.18 and a 1 year high of $51.16. The company has a fifty day simple moving average of $35.89 and a 200 day simple moving average of $35.62. The firm has a market cap of $6.55 billion, a PE ratio of 11.74, a PEG ratio of 0.18 and a beta of 0.56.

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 net margin of 28.62% and a return on equity of 11.60%. The business had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million. Sell-side analysts anticipate that Eldorado Gold Corporation will post 4.26 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors 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 dividend yield of 0.9%. The ex-dividend date is Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is presently 10.68%.

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.