Artemis Investment Management LLP Buys Shares of 89,423 Eldorado Gold Corporation $EGO

Artemis Investment Management LLP bought a new position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 89,423 shares of the basic materials company’s stock, valued at approximately $3,214,000.

A number of other hedge funds also recently made changes to their positions in the business. Linden Thomas Advisory Services LLC increased its position in Eldorado Gold by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 318 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Eldorado Gold by 0.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock worth $1,794,000 after purchasing an additional 582 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Eldorado Gold by 10.7% during the third quarter. EverSource Wealth Advisors LLC now owns 9,406 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 908 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Eldorado Gold during the fourth quarter valued at about $36,000. Finally, Aventura Private Wealth LLC acquired a new stake in Eldorado Gold in the fourth quarter worth about $36,000. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research note on Friday, February 20th. TD Securities reduced their price target on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Eldorado Gold in a report on Monday, April 20th. Zacks Research lowered shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, TD Cowen dropped their target price on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.00.

Eldorado Gold Stock Down 4.4%

NYSE EGO opened at $29.71 on Friday. Eldorado Gold Corporation has a 12 month low of $17.18 and a 12 month high of $51.16. The company has a market capitalization of $5.90 billion, a P/E ratio of 10.57, a PEG ratio of 0.14 and a beta of 0.56. The company’s 50 day simple moving average is $36.62 and its 200 day simple moving average is $35.53. 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 earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. The firm had revenue of $532.43 million during the quarter, compared to analysts’ expectations of $503.31 million. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.72%. Equities research analysts expect that Eldorado Gold Corporation will post 4.36 earnings per share for the current fiscal year.

Eldorado Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 annualized dividend and a dividend yield of 1.0%. Eldorado Gold’s dividend payout ratio (DPR) is currently 12.10%.

Key Stories Impacting Eldorado Gold

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Q1 results beat estimates — Eldorado delivered stronger-than-expected first-quarter revenue and EPS, with materially higher margins and operating profit year-over-year, which supports the company’s operating momentum. Q1 Press Release
• Positive Sentiment: Analysts and peers highlight capital returns — Bank of America noted Eldorado (alongside Agnico Eagle) beat Q1 expectations and emphasized capital returns as a standout, supporting investor confidence in management’s cash allocation. Agnico Eagle, Eldorado Gold post Q1 earnings beat
• Positive Sentiment: Dividend declared — Eldorado declared a quarterly dividend (record date June 2; payable June 16), providing a modest yield and a signal of confidence in recurring cash generation (annualized yield ~1.0%).
• Neutral Sentiment: Corporate update on operations — The company’s GlobeNewswire press release outlined Q1 operational results and progress at Skouries (advancing toward first concentrate production), useful for medium-term production visibility but not immediately price-driving on its own. Press Release
• Neutral Sentiment: Mixed broker consensus — Aggregated broker views still show a consensus “Hold,” indicating the market remains split despite the beat. Consensus Rating
• Negative Sentiment: Heavy capex and weaker cash position — Q1 capex spiked (nearly double year-over-year) and cash balances declined materially while total liabilities rose, which raises funding and free-cash-flow concerns as Eldorado advances projects. Q1 Financials & Capex
• Negative Sentiment: Analyst downgrade — Zacks cut its rating from “Hold” to “Strong Sell,” which likely pressured the stock amid heightened volume and may have amplified short-term selling. Zacks

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.