Winmill & CO. Inc. Acquires New Holdings in Eldorado Gold Corporation $EGO

Winmill & CO. Inc. acquired a new stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) during the fourth quarter, Holdings Channel.com reports. The firm acquired 25,000 shares of the basic materials company’s stock, valued at approximately $898,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EGO. Van ECK Associates Corp grew its holdings in Eldorado Gold by 33.9% in the 3rd quarter. Van ECK Associates Corp now owns 16,499,858 shares of the basic materials company’s stock valued at $476,679,000 after buying an additional 4,173,963 shares during the last quarter. L1 Capital Pty Ltd grew its holdings in Eldorado Gold by 35.2% in the 4th quarter. L1 Capital Pty Ltd now owns 9,640,407 shares of the basic materials company’s stock valued at $346,283,000 after buying an additional 2,512,168 shares during the last quarter. TT International Asset Management LTD grew its holdings in Eldorado Gold by 1,730.9% in 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 buying an additional 710,290 shares during the last quarter. Schroder Investment Management Group grew its holdings in Eldorado Gold by 94.9% in the 3rd quarter. Schroder Investment Management Group now owns 1,448,558 shares of the basic materials company’s stock valued at $41,240,000 after buying an additional 705,140 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Eldorado Gold in the 2nd quarter valued at approximately $13,387,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $30.62 on Monday. Eldorado Gold Corporation has a 1-year low of $19.56 and a 1-year high of $51.16. The firm has a market capitalization of $7.99 billion, a PE ratio of 10.90, a PEG ratio of 0.18 and a beta of 0.58. The business’s 50 day moving average is $32.73 and its 200-day moving average is $36.56. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, topping 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 company had revenue of $532.43 million for the quarter, compared to analyst estimates of $503.31 million. Sell-side analysts predict that Eldorado Gold Corporation will post 4.27 earnings per share for the current year.

Eldorado Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

Analyst Ratings Changes

EGO has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce lowered Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 target price on the stock. in a report on Friday, February 20th. Scotiabank lowered their target price on Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 21st. Citigroup lowered Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. Canaccord Genuity Group lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada lowered Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 target price on the stock. in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.50.

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.