Eldorado Gold Corporation $EGO Holdings Boosted by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management boosted its stake in Eldorado Gold by 255.3% in Q4 to 123,176 shares (about $4.43 million), while institutional investors now own roughly 69.6% of the company.
• Eldorado beat Q1 estimates (EPS $0.95 vs. $0.69; revenue $532.4M vs. $503.3M) and declared a quarterly dividend of $0.075 (≈1.0% yield), but Q1 capex surged and cash balances declined, raising funding and free‑cash‑flow concerns.
• Brokerage views are mixed — the consensus rating is "Hold" with an average target of $42, as analysts issued both upgrades and downgrades reflecting split sentiment.

Pictet Asset Management Holding SA grew its holdings in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 255.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,176 shares of the basic materials company's stock after purchasing an additional 88,508 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of Eldorado Gold worth $4,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EGO. Linden Thomas Advisory Services LLC grew its holdings in shares of Eldorado Gold by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company's stock valued at $284,000 after buying an additional 318 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake 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 worth $1,794,000 after acquiring an additional 582 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Eldorado Gold by 10.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,406 shares of the basic materials company's stock worth $272,000 after acquiring an additional 908 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Eldorado Gold during the 4th quarter worth about $36,000. Finally, Aventura Private Wealth LLC acquired a new stake in Eldorado Gold during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EGO. TD Cowen decreased their price objective on Eldorado Gold from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. Zacks Research lowered shares of Eldorado Gold from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 29th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Eldorado Gold in a research note on Monday, April 20th. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat, Eldorado Gold presently has an average rating of "Hold" and an average target price of $42.00.

Eldorado Gold Stock Down 0.5%

EGO stock opened at $29.71 on Monday. The firm has a market cap of $5.90 billion, a PE ratio of 10.57, a PEG ratio of 0.17 and a beta of 0.56. Eldorado Gold Corporation has a 1 year low of $17.18 and a 1 year high of $51.16. The company has a fifty day simple moving average of $36.62 and a 200 day simple moving average of $35.58. The company has a current ratio of 1.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.29.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, beating 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 company had revenue of $532.43 million for the quarter, compared to analyst estimates of $503.31 million. Sell-side analysts anticipate that Eldorado Gold Corporation will post 4.36 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors 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 dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold's dividend payout ratio (DPR) is presently 12.10%.

Key Stories Impacting Eldorado Gold

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

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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