32,086 Shares in Eldorado Gold Corporation $EGO Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp bought a new position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) during the third quarter, Holdings Channel.com reports. The firm bought 32,086 shares of the basic materials company’s stock, valued at approximately $927,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in shares of Eldorado Gold by 50.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company’s stock worth $13,426,000 after purchasing an additional 266,048 shares during the period. Public Employees Retirement System of Ohio raised its position in Eldorado Gold by 8.5% in the second quarter. Public Employees Retirement System of Ohio now owns 82,847 shares of the basic materials company’s stock worth $1,683,000 after acquiring an additional 6,475 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Eldorado Gold by 10.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 278,300 shares of the basic materials company’s stock valued at $5,669,000 after acquiring an additional 26,000 shares during the last quarter. TD Asset Management Inc grew its position in shares of Eldorado Gold by 4.6% during the 2nd quarter. TD Asset Management Inc now owns 605,415 shares of the basic materials company’s stock valued at $12,299,000 after acquiring an additional 26,838 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Eldorado Gold during the 2nd quarter worth approximately $32,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Price Performance

Eldorado Gold stock opened at $42.90 on Friday. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 0.25 and a beta of 0.54. The company has a quick ratio of 2.28, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $37.16 and a 200 day simple moving average of $29.58. Eldorado Gold Corporation has a 52 week low of $13.29 and a 52 week high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 30th. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). The company had revenue of $436.44 million during the quarter, compared to analysts’ expectations of $422.25 million. Eldorado Gold had a net margin of 22.15% and a return on equity of 8.89%. On average, research analysts forecast that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th 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 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, November 4th. Bank of America lifted their price objective on Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a report on Monday, December 1st. CIBC boosted their price objective on Eldorado Gold from $32.00 to $46.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, January 21st. Finally, Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $31.20.

Eldorado Gold 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.