Eldorado Gold Corporation $EGO Stock: Beverly Hills Private Wealth LLC Grows Holdings

Beverly Hills Private Wealth LLC grew its stake in Eldorado Gold Corporation (NYSE:EGO – Free Report) (TSE:ELD) by 63.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 78,756 shares of the basic materials company’s stock after acquiring an additional 30,627 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Eldorado Gold were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Eldorado Gold during the 2nd quarter worth about $587,469,000. Donald Smith & CO. Inc. acquired a new position in Eldorado Gold in the 2nd quarter valued at about $272,580,000. Van ECK Associates Corp raised its holdings in Eldorado Gold by 39.0% in the 2nd quarter. Van ECK Associates Corp now owns 18,678,256 shares of the basic materials company’s stock valued at $580,739,000 after acquiring an additional 5,241,277 shares during the period. Wellington Management Group LLP bought a new position in Eldorado Gold in the 2nd quarter valued at about $61,156,000. Finally, Deutsche Bank AG bought a new position in Eldorado Gold in the 2nd quarter valued at about $44,892,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EGO. Scotiabank cut their price objective on shares of Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Stifel Nicolaus raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group started coverage on Eldorado Gold in a research report on Thursday, August 20th. They issued a “buy” rating and a $50.00 target price on the stock. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “neutral” rating to an “outperform” rating in a research note on Sunday, August 9th. Finally, Zacks Research cut Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.57.

View Our Latest Stock Report on EGO

Eldorado Gold Trading Down 0.0%

Shares of Eldorado Gold stock opened at $35.56 on Monday. The firm has a 50-day moving average of $38.42 and a 200-day moving average of $36.72. The stock has a market cap of $9.30 billion, a PE ratio of 11.85, a PEG ratio of 0.37 and a beta of 0.67. Eldorado Gold Corporation has a 52-week low of $26.02 and a 52-week high of $51.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 1.42.

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last released its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Eldorado Gold had a net margin of 31.67% and a return on equity of 10.31%. The business had revenue of $511.90 million during the quarter, compared to analyst estimates of $621.90 million. As a group, sell-side analysts forecast that Eldorado Gold Corporation will post 2.69 EPS for the current year.

Eldorado Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.0750 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. Eldorado Gold’s payout ratio is currently 10.00%.

Eldorado Gold Company Profile

(Free Report)

Eldorado Gold Corporation is a Canadian gold mining company headquartered in Vancouver, British Columbia. It explores for, develops and operates mineral properties, with gold as its primary product and silver and base metals also produced at some of its mines.

The company’s portfolio spans Canada, Greece and Turkey. Its operations include the Lamaque Complex in Quebec, the Kisladag and Efemcukuru mines in Turkey, and the Olympias mine in Greece. Eldorado is also developing the Skouries copper-gold project in Greece.

Eldorado traces its origins to 1992 and has expanded through exploration, acquisitions and mine development.

See Also

Want to see what other hedge funds are holding EGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eldorado Gold Corporation (NYSE:EGO – Free Report) (TSE:ELD).

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

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