Edmond DE Rothschild Holding S.A. Takes Position in Eldorado Gold Corporation $EGO

Edmond DE Rothschild Holding S.A. bought a new position in shares of Eldorado Gold Corporation (NYSE:EGOFree Report) (TSE:ELD) in the second quarter, HoldingsChannel reports. The institutional investor bought 190,525 shares of the basic materials company’s stock, valued at approximately $5,908,000.

Several other large investors have also made changes to their positions in EGO. Savant Capital LLC boosted its holdings in Eldorado Gold by 2.7% in the fourth quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 371 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Eldorado Gold by 0.9% in the third 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 during the period. EverSource Wealth Advisors LLC raised its holdings in Eldorado Gold by 8.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 819 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in Eldorado Gold during the 4th quarter worth about $33,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Eldorado Gold by 8.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,904 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 949 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Trading Up 7.8%

NYSE:EGO opened at $41.73 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Eldorado Gold Corporation has a 1-year low of $22.15 and a 1-year high of $51.16. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 0.29 and a beta of 0.63. The business’s 50-day moving average price is $33.00 and its two-hundred day moving average price is $35.18.

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $487.50 million during the quarter, compared to analyst estimates of $529.92 million. Eldorado Gold had a return on equity of 10.91% and a net margin of 29.83%. On average, equities analysts expect that Eldorado Gold Corporation will post 3.2 earnings per share for the current year.

Eldorado Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.30 annualized dividend and a yield of 0.7%. Eldorado Gold’s dividend payout ratio (DPR) is presently 10.64%.

Analyst Ratings Changes

EGO has been the topic of several recent research reports. Stifel Nicolaus raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada cut their price objective on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a “neutral” rating to an “outperform” rating in a report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Eldorado Gold presently has an average rating of “Hold” and an average price target of $41.83.

Check Out Our Latest Stock Analysis on Eldorado Gold

Eldorado Gold Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Eldorado Gold (NYSE:EGO)

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