Jupiter Asset Management Ltd. Boosts Stock Holdings in Eldorado Gold Corporation $EGO

Jupiter Asset Management Ltd. raised its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 794.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 109,342 shares of the basic materials company’s stock after acquiring an additional 97,124 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Eldorado Gold were worth $3,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Savant Capital LLC grew its stake in shares of Eldorado Gold by 2.7% during the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 371 shares during the period. Geode Capital Management LLC increased its holdings in Eldorado Gold by 15.2% in the 4th quarter. Geode Capital Management LLC now owns 139,369 shares of the basic materials company’s stock worth $5,114,000 after acquiring an additional 18,438 shares during the last quarter. Penn Capital Management Company LLC bought a new stake in Eldorado Gold in the 4th quarter valued at about $18,303,000. Legal & General Group Plc lifted its holdings in Eldorado Gold by 8.2% during the fourth quarter. Legal & General Group Plc now owns 711,451 shares of the basic materials company’s stock valued at $25,603,000 after purchasing an additional 54,193 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Eldorado Gold during the fourth quarter valued at about $219,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EGO shares. Scotiabank reduced their target price on shares of Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings cut shares of Eldorado Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Canaccord Genuity Group lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Citigroup cut shares of Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. Finally, Zacks Research downgraded Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.50.

Eldorado Gold Trading Up 2.9%

Shares of EGO opened at $33.87 on Friday. Eldorado Gold Corporation has a twelve month low of $19.56 and a twelve month high of $51.16. The stock has a market cap of $8.84 billion, a PE ratio of 12.05, a P/E/G ratio of 0.20 and a beta of 0.56. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $33.26 and its 200-day moving average price is $36.31.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%. On average, equities analysts forecast that Eldorado Gold Corporation will post 4.27 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is presently 10.68%.

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.