Sprott Inc. Has $55.34 Million Stake in Eldorado Gold Corporation $EGO

Sprott Inc. increased its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,915,378 shares of the basic materials company’s stock after purchasing an additional 58,013 shares during the period. Eldorado Gold makes up about 1.9% of Sprott Inc.’s portfolio, making the stock its 14th biggest holding. Sprott Inc. owned approximately 0.95% of Eldorado Gold worth $55,335,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in Eldorado Gold by 228.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,994,328 shares of the basic materials company’s stock worth $101,649,000 after buying an additional 3,472,504 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Eldorado Gold in the second quarter valued at about $13,387,000. Acadian Asset Management LLC acquired a new position in shares of Eldorado Gold in the second quarter valued at about $11,023,000. Qube Research & Technologies Ltd increased its position in Eldorado Gold by 241.4% during the second quarter. Qube Research & Technologies Ltd now owns 682,945 shares of the basic materials company’s stock worth $13,891,000 after acquiring an additional 482,915 shares during the period. Finally, American Century Companies Inc. increased its position in Eldorado Gold by 36.5% during the third quarter. American Century Companies Inc. now owns 1,565,341 shares of the basic materials company’s stock worth $45,207,000 after acquiring an additional 418,982 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, January 21st. Royal Bank Of Canada cut Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price target for the company. in a research note on Tuesday, February 17th. Scotiabank reduced their price target on Eldorado Gold from $59.00 to $58.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th. National Bank Financial restated an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, November 4th. Finally, Canadian Imperial Bank of Commerce cut Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.71.

Eldorado Gold Stock Down 0.4%

NYSE EGO opened at $46.22 on Tuesday. The business has a fifty day moving average price of $41.89 and a two-hundred day moving average price of $32.95. The stock has a market capitalization of $9.18 billion, a PE ratio of 18.64, a PEG ratio of 0.16 and a beta of 0.51. Eldorado Gold Corporation has a fifty-two week low of $13.38 and a fifty-two week high of $51.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. The business had revenue of $575.14 million during the quarter, compared to the consensus estimate of $500.42 million. Equities analysts expect that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.30 annualized dividend and a yield of 0.6%. Eldorado Gold’s payout ratio is presently 12.10%.

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.