TD Asset Management Inc Purchases 185,640 Shares of Eldorado Gold Corporation $EGO

TD Asset Management Inc lifted its holdings in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 30.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 791,055 shares of the basic materials company’s stock after acquiring an additional 185,640 shares during the quarter. TD Asset Management Inc owned approximately 0.39% of Eldorado Gold worth $22,849,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in Eldorado Gold in the 2nd quarter valued at $32,000. TD Waterhouse Canada Inc. boosted its position in shares of Eldorado Gold by 35.4% in the second quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 587 shares during the period. State of Wyoming acquired a new position in shares of Eldorado Gold in the second quarter valued at about $58,000. Employees Retirement System of Texas bought a new position in Eldorado Gold during the second quarter worth about $83,000. Finally, SBI Securities Co. Ltd. increased its position in Eldorado Gold by 7.6% during the second quarter. SBI Securities Co. Ltd. now owns 9,693 shares of the basic materials company’s stock worth $197,000 after acquiring an additional 687 shares during the period. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on EGO shares. TD Cowen decreased their target price on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, February 24th. National Bank Financial reissued an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, January 21st. Canaccord Genuity Group cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Bank of America upped their price objective on shares of Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a research report on Monday, December 1st. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $43.71.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $46.52 on Friday. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.20 and a beta of 0.51. The stock’s 50 day moving average is $41.71 and its 200-day moving average is $32.71. Eldorado Gold Corporation has a twelve month low of $13.30 and a twelve month high of $51.16. 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 announced 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 company had revenue of $575.14 million for the quarter, compared to analysts’ expectations of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. Sell-side analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, February 27th.

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.