Artemis Investment Management LLP Makes New $3.21 Million Investment in Eldorado Gold Corporation $EGO

Key Points

• Artemis Investment Management LLP bought a new stake in Eldorado Gold (NYSE:EGO), acquiring 89,423 shares valued at about $3.21 million during the fourth quarter.
• Q1 results beat expectations — EPS $0.95 vs. $0.69 and revenue $532.4M vs. $503.3M — but capex nearly doubled and cash balances declined materially, raising funding and free‑cash‑flow concerns.
• The company declared a quarterly dividend of $0.075 (annualized $0.30, ~1.0% yield) payable June 16 (record June 2); the stock opened at $29.71, consensus analyst rating is a "Hold" with a $42 target, and ~69.6% of shares are owned by institutions.

Artemis Investment Management LLP bought a new stake in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD during the fourth quarter, according to its most recent disclosure 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.

Several other institutional investors and hedge funds also recently made changes to their positions in EGO. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 266,048 shares in the last quarter. Geode Capital Management LLC grew its holdings in Eldorado Gold by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 113,368 shares of the basic materials company's stock worth $2,318,000 after acquiring an additional 6,383 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Eldorado Gold by 1,209.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company's stock worth $6,903,000 after purchasing an additional 313,449 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Eldorado Gold in the 2nd quarter worth about $859,000. Finally, Cerity Partners LLC raised its stake in shares of Eldorado Gold by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 36,039 shares of the basic materials company's stock valued at $733,000 after purchasing an additional 4,758 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Stock Down 4.4%

NYSE:EGO opened at $29.71 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $36.62 and a 200-day moving average of $35.53. The firm has a market capitalization of $5.90 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.14 and a beta of 0.56. Eldorado Gold Corporation has a 52 week low of $17.18 and a 52 week high of $51.16.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results 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 11.72% and a net margin of 28.62%.The business had revenue of $532.43 million for the quarter, compared to the consensus estimate of $503.31 million. Analysts predict that Eldorado Gold Corporation will post 4.36 EPS for the current year.

Eldorado Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, June 2nd. Eldorado Gold's dividend payout ratio (DPR) is presently 12.10%.

Eldorado Gold News Roundup

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

Wall Street Analyst Weigh In

EGO has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Eldorado Gold in a research report on Monday, April 20th. Canadian Imperial Bank of Commerce lowered Eldorado Gold from a "sector outperform" rating to a "neutral" rating and set a $54.00 price objective for the company. in a report on Friday, February 20th. Scotiabank reduced their target price on Eldorado Gold from $58.00 to $56.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 21st. BMO Capital Markets reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada downgraded Eldorado Gold from an "outperform" rating to a "sector perform" rating and set a $48.00 price target for the company. in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $42.00.

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.

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