Eldorado Gold Corporation $EGO Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 2.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,387,901 shares of the basic materials company’s stock after buying an additional 209,947 shares during the quarter. Vanguard Group Inc. owned about 4.17% of Eldorado Gold worth $242,226,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Eldorado Gold in the second quarter valued at approximately $32,000. TD Waterhouse Canada Inc. raised its position in Eldorado Gold by 35.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 587 shares during the last quarter. State of Wyoming purchased a new stake in Eldorado Gold in the 2nd quarter valued at $58,000. Employees Retirement System of Texas acquired a new stake in Eldorado Gold during the 2nd quarter worth $83,000. Finally, SBI Securities Co. Ltd. grew its position in Eldorado Gold by 7.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,693 shares of the basic materials company’s stock worth $197,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $46.52 on Friday. Eldorado Gold Corporation has a 52 week low of $13.30 and a 52 week high of $51.16. The company has a 50-day moving average price of $41.71 and a 200 day moving average price of $32.71. The company has a market cap of $9.24 billion, a P/E ratio of 18.76, a PEG ratio of 0.20 and a beta of 0.51. The company has a quick ratio of 1.46, a current ratio of 1.83 and a debt-to-equity ratio of 0.29.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its 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). The business had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%. Research analysts predict that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

Eldorado Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.075 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.30 annualized dividend and a yield of 0.6%.

Analyst Ratings Changes

A number of brokerages have recently commented on EGO. Bank of America upped their target price on shares of Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a report on Monday, December 1st. Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective for the company. in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Eldorado Gold in a research note on Wednesday, January 21st. National Bank Financial reissued an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, November 4th. Finally, Canaccord Genuity Group cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.71.

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.