Edmond DE Rothschild Holding S.A. Purchases Shares of 190,525 Eldorado Gold Corporation $EGO

Key Points

• Edmond DE Rothschild Holding S.A. acquired 190,525 Eldorado Gold shares in the second quarter, worth approximately $5.9 million and representing about 0.07% of the company. Institutional investors collectively own 69.58% of Eldorado Gold.
• Eldorado Gold reported quarterly EPS of $0.54, exceeding analysts’ $0.52 estimate, although revenue of $487.5 million fell short of the $529.92 million consensus estimate.
• The company declared a quarterly dividend of $0.075 per share, or $0.30 annually, yielding approximately 0.7%. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $41.83.

Edmond DE Rothschild Holding S.A. acquired a new stake in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 190,525 shares of the basic materials company's stock, valued at approximately $5,908,000. Edmond DE Rothschild Holding S.A. owned approximately 0.07% of Eldorado Gold as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EGO. BlackRock Inc. bought a new stake in Eldorado Gold in the second quarter valued at about $587,469,000. L1 Capital Pty Ltd raised its holdings in shares of Eldorado Gold by 35.2% in the 4th quarter. L1 Capital Pty Ltd now owns 9,640,407 shares of the basic materials company's stock worth $346,283,000 after buying an additional 2,512,168 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Eldorado Gold by 904.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,811,814 shares of the basic materials company's stock worth $65,322,000 after buying an additional 1,631,373 shares during the period. Millennium Management LLC boosted its stake in Eldorado Gold by 490.6% in the 4th quarter. Millennium Management LLC now owns 1,787,062 shares of the basic materials company's stock valued at $64,193,000 after buying an additional 1,484,503 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Eldorado Gold in the second quarter valued at $44,892,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $41.73 on Thursday. The stock has a 50-day simple moving average of $33.00 and a 200 day simple moving average of $35.18. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 0.29 and a beta of 0.63. The company has a quick ratio of 0.85, a current ratio of 1.31 and a debt-to-equity ratio of 0.22. Eldorado Gold Corporation has a 12-month low of $22.15 and a 12-month high of $51.16.

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 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. The firm had revenue of $487.50 million for the quarter, compared to analyst estimates of $529.92 million. Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. On average, research analysts anticipate that Eldorado Gold Corporation will post 3.2 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Bank of America boosted their target price 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. Citigroup lowered shares of Eldorado Gold to a "sector perform" rating in a research report on Monday, May 4th. Royal Bank Of Canada dropped their price objective on shares of Eldorado Gold from $39.00 to $37.00 and set a "sector perform" rating for the company in a report on Thursday, July 9th. Zacks Research cut shares of Eldorado Gold from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.83.

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.

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