Eldorado Gold Corporation $EGO Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. decreased its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 6.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,360,022 shares of the basic materials company’s stock after selling 516,110 shares during the quarter. Eldorado Gold accounts for about 5.0% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 3rd largest holding. Donald Smith & CO. Inc. owned 3.71% of Eldorado Gold worth $264,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EGO. Van ECK Associates Corp boosted its position in shares of 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 purchasing an additional 4,173,963 shares during the period. TT International Asset Management LTD boosted its position in shares of 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 purchasing an additional 710,290 shares during the period. Schroder Investment Management Group boosted its position in shares of 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 purchasing an additional 705,140 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Eldorado Gold in the 2nd quarter valued at $13,387,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of Eldorado Gold in the 4th quarter valued at $18,303,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Down 4.8%

Shares of Eldorado Gold stock opened at $27.85 on Thursday. The stock has a 50-day moving average price of $32.93 and a 200 day moving average price of $36.53. The company has a market cap of $7.27 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.17 and a beta of 0.58. 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 Corporation has a 1 year low of $19.56 and a 1 year high of $51.16.

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 (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. The firm had revenue of $532.43 million during the quarter, compared to the consensus estimate of $503.31 million. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%. As a group, analysts expect that Eldorado Gold Corporation will post 4.27 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio is currently 10.68%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EGO. BMO Capital Markets reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. Zacks Research lowered Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. TD Securities decreased their price target on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.50.

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.