Eldorado Gold Corporation $EGO Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 19.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,655 shares of the basic materials company’s stock after acquiring an additional 30,725 shares during the quarter. Gamco Investors INC. ET AL owned 0.09% of Eldorado Gold worth $5,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in Eldorado Gold in the 2nd quarter valued at approximately $32,000. TD Waterhouse Canada Inc. boosted its position in Eldorado Gold by 35.4% during the second quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 587 shares in the last quarter. State of Wyoming acquired a new stake in Eldorado Gold in the second quarter valued at $58,000. Employees Retirement System of Texas acquired a new stake in Eldorado Gold in the second quarter valued at $83,000. Finally, Jacobsen Capital Management purchased a new position in shares of Eldorado Gold in the third quarter valued at $217,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

EGO has been the subject of several research reports. Zacks Research raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a research note on Friday, February 20th. TD Cowen dropped their target price on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, February 24th. Canaccord Genuity Group cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Bank of America increased their price target on shares of Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.71.

Eldorado Gold Stock Down 0.1%

Shares of NYSE:EGO opened at $40.41 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.29. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.14 and a beta of 0.51. The stock’s 50-day moving average price is $42.22 and its two-hundred day moving average price is $33.47. Eldorado Gold Corporation has a 12-month low of $14.06 and a 12-month high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. The company had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. On average, research analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Eldorado Gold Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.7%. Eldorado Gold’s dividend payout ratio (DPR) is currently 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.