Burney Co. acquired a new position in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 69,769 shares of the basic materials company's stock, valued at approximately $2,506,000.
Other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Eldorado Gold in the 2nd quarter worth about $32,000. Aventura Private Wealth LLC bought a new position in shares of Eldorado Gold in the 4th quarter worth about $36,000. Flagship Harbor Advisors LLC bought a new position in shares of Eldorado Gold in the 4th quarter worth about $36,000. Wexford Capital LP bought a new position in shares of Eldorado Gold in the 3rd quarter worth about $37,000. Finally, State of Wyoming bought a new position in shares of Eldorado Gold in the 2nd quarter worth about $58,000. 69.58% of the stock is currently owned by institutional investors.
Eldorado Gold Trading Down 0.1%
Shares of Eldorado Gold stock opened at $36.43 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.83 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.15 and a beta of 0.66. The business has a fifty day simple moving average of $39.53 and a 200-day simple moving average of $35.17. Eldorado Gold Corporation has a fifty-two week low of $17.18 and a fifty-two week high of $51.16.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $575.14 million during the quarter, compared to analyst estimates of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. On average, equities analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current fiscal year.
Eldorado Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.075 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. Eldorado Gold's dividend payout ratio is 12.10%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on EGO shares. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a "sector outperform" rating to a "neutral" rating and set a $54.00 price objective for the company. in a research note on Friday, February 20th. Zacks Research downgraded Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. 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. TD Securities lowered their price objective on Eldorado Gold from $47.00 to $45.00 and set a "hold" rating for the company in a research note on Tuesday, February 24th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Eldorado Gold in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $43.71.
Read Our Latest Stock Report on EGO
About Eldorado Gold
(
Free Report)
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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