1,443,930 Shares in Eldorado Gold Corporation $EGO Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 1,443,930 Eldorado Gold shares worth approximately $44.9 million, representing about 0.55% of the company; institutional investors collectively own 69.58% of the stock.
• Eldorado Gold reported quarterly EPS of $0.54, exceeding estimates of $0.52, although revenue of $487.5 million fell short of the $529.9 million consensus forecast.
• The company declared a quarterly dividend of $0.075 per share, equal to an annualized $0.30 payout and a 0.7% yield. Analysts maintain a consensus “Hold” rating with a $43 average price target.

Deutsche Bank AG bought a new position in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,443,930 shares of the basic materials company's stock, valued at approximately $44,892,000. Deutsche Bank AG owned approximately 0.55% of Eldorado Gold at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EGO. Savant Capital LLC boosted its stake in shares of Eldorado Gold by 2.7% in the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company's stock valued at $508,000 after purchasing an additional 371 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Eldorado Gold by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company's stock valued at $1,794,000 after acquiring an additional 582 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Eldorado Gold by 8.7% in the first quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company's stock valued at $351,000 after purchasing an additional 819 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in Eldorado Gold in the 4th quarter worth approximately $33,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in Eldorado Gold by 8.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,904 shares of the basic materials company's stock worth $428,000 after purchasing an additional 949 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Trading Up 7.5%

EGO stock opened at $45.83 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.31. The company's 50-day simple moving average is $33.56 and its 200 day simple moving average is $35.25. Eldorado Gold Corporation has a 52 week low of $22.66 and a 52 week high of $51.16. The company has a market capitalization of $11.98 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.31 and a beta of 0.63.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. The business had revenue of $487.50 million during the quarter, compared to analysts' expectations of $529.92 million. As a group, sell-side analysts anticipate that Eldorado Gold Corporation will post 3.2 earnings per share for the current year.

Eldorado Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 1st. Eldorado Gold's payout ratio is 10.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EGO shares. Weiss Ratings downgraded Eldorado Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, June 11th. Bank of America raised their price objective on shares of Eldorado Gold from $31.00 to $33.00 and gave the company an "underperform" rating in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a "neutral" rating to an "outperform" rating in a research note on Sunday, August 9th. Stifel Nicolaus upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, July 31st. Finally, ATB Cormark Capital Markets cut Eldorado Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.00.

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.

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