Beverly Hills Private Wealth LLC purchased a new stake in Eldorado Gold Corporation (NYSE:EGO – Free Report) (TSE:ELD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 48,129 shares of the basic materials company’s stock, valued at approximately $1,496,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Artemis Investment Management LLP acquired a new stake in shares of Eldorado Gold during the 4th quarter valued at approximately $3,214,000. U S Global Investors Inc. purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at $1,796,000. Jupiter Asset Management Ltd. lifted its holdings in Eldorado Gold by 794.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 109,342 shares of the basic materials company’s stock valued at $3,935,000 after purchasing an additional 97,124 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Eldorado Gold by 255.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 123,176 shares of the basic materials company’s stock worth $4,427,000 after acquiring an additional 88,508 shares during the last quarter. Finally, L1 Global Manager Pty Ltd acquired a new stake in shares of Eldorado Gold during the fourth quarter worth $1,437,000. Institutional investors and hedge funds own 69.58% of the company’s stock.
Eldorado Gold Price Performance
Shares of EGO opened at $39.69 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.31 and a quick ratio of 0.85. Eldorado Gold Corporation has a 12 month low of $21.84 and a 12 month high of $51.16. The stock has a fifty day moving average price of $32.33 and a 200 day moving average price of $35.36. The company has a market cap of $10.37 billion, a P/E ratio of 14.07, a PEG ratio of 0.29 and a beta of 0.63.
Eldorado Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st 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 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Eldorado Gold’s dividend payout ratio (DPR) is 10.64%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on EGO. Zacks Research cut shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research report on Monday, May 4th. Bank of America upped their target price on shares of Eldorado Gold from $31.00 to $33.00 and gave the company an “underperform” rating in a research note on Thursday, July 9th. Royal Bank Of Canada lowered their price objective on Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Finally, ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Eldorado Gold has an average rating of “Hold” and an average price target of $41.83.
Get Our Latest Stock Report on Eldorado Gold
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.
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