Eldorado Gold Corporation $EGO is TT International Asset Management LTD's 6th Largest Position

Key Points

• TT International Asset Management boosted its stake in Eldorado Gold by 1,730.9% in Q4 to 751,327 shares, making EGO its 6th-largest holding (about 5.7% of the fund) and worth roughly $26.9 million (~0.38% of the company).
• Analyst sentiment has cooled — three Buys, six Holds and one Sell leave an average rating of "Hold" with an average price target of $43.71 after several recent downgrades and target cuts.
• Key fundamentals: market cap $7.23B and P/E 14.69; latest quarter reported EPS $0.63 (missed by $0.01) but revenue beat at $575.1M, and the company pays a $0.075 quarterly dividend (≈0.8% yield).

TT International Asset Management LTD boosted its stake in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 1,730.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 751,327 shares of the basic materials company's stock after acquiring an additional 710,290 shares during the period. Eldorado Gold comprises approximately 5.7% of TT International Asset Management LTD's portfolio, making the stock its 6th largest position. TT International Asset Management LTD owned approximately 0.38% of Eldorado Gold worth $26,916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Eldorado Gold in the second quarter valued at $32,000. Aventura Private Wealth LLC purchased a new stake in Eldorado Gold in the fourth quarter valued at $36,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at about $36,000. Wexford Capital LP purchased a new stake in shares of Eldorado Gold in the third quarter valued at about $37,000. Finally, State of Wyoming purchased a new stake in shares of Eldorado Gold in the second quarter valued at about $58,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EGO. Scotiabank reduced their target price on shares of Eldorado Gold from $59.00 to $58.00 and set a "sector outperform" rating for the company in a report on Wednesday, February 25th. Canaccord Genuity Group cut shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, February 20th. TD Cowen reduced their target price on shares of Eldorado Gold from $47.00 to $45.00 and set a "hold" rating for the company in a report on Tuesday, February 24th. Zacks Research cut shares of Eldorado Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada lowered shares of Eldorado Gold from an "outperform" rating to a "sector perform" rating and set a $48.00 price target on the stock. in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $43.71.

Eldorado Gold Trading Up 2.0%

Shares of EGO opened at $36.43 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 firm's 50-day moving average is $39.53 and its two-hundred day moving average is $35.12. Eldorado Gold Corporation has a twelve month low of $17.18 and a twelve month high of $51.16. The firm has a market capitalization of $7.23 billion, a P/E ratio of 14.69, a PEG ratio of 0.15 and a beta of 0.66.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results 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). Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%.The company had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. On average, research analysts predict that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Eldorado Gold's dividend payout ratio is presently 12.10%.

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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