Eldorado Gold Corporation $EGO Holdings Trimmed by Heartland Advisors Inc.

Heartland Advisors Inc. trimmed its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 4.2% during the 1st quarter, HoldingsChannel reports. The firm owned 702,750 shares of the basic materials company’s stock after selling 30,625 shares during the quarter. Eldorado Gold accounts for 1.2% of Heartland Advisors Inc.’s investment portfolio, making the stock its 9th biggest holding. Heartland Advisors Inc.’s holdings in Eldorado Gold were worth $24,125,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Eldorado Gold by 50.0% in the first quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company’s stock valued at $13,426,000 after purchasing an additional 266,048 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Eldorado Gold by 6.0% during the second quarter. Geode Capital Management LLC now owns 113,368 shares of the basic materials company’s stock valued at $2,318,000 after buying an additional 6,383 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Eldorado Gold by 1,209.2% during the second quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company’s stock valued at $6,903,000 after buying an additional 313,449 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Eldorado Gold during the second quarter valued at $859,000. Finally, Cerity Partners LLC raised its position in Eldorado Gold by 15.2% during the second quarter. Cerity Partners LLC now owns 36,039 shares of the basic materials company’s stock valued at $733,000 after buying an additional 4,758 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EGO. TD Securities reduced their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. TD Cowen lowered their target price on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Scotiabank dropped their target price on Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Eldorado Gold has an average rating of “Hold” and a consensus target price of $41.83.

Eldorado Gold Trading Down 0.3%

Eldorado Gold stock opened at $27.94 on Friday. The company’s fifty day simple moving average is $31.65 and its 200-day simple moving average is $36.19. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. Eldorado Gold Corporation has a 12 month low of $19.70 and a 12 month high of $51.16. The stock has a market cap of $7.30 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.16 and a beta of 0.62.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The business had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million. As a group, sell-side analysts forecast that Eldorado Gold Corporation will post 3.87 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio is presently 10.68%.

Eldorado Gold Company 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.