Eldorado Gold Corporation $EGO Stock Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Eldorado Gold stake by 1,285.5% in the third quarter, owning 131,068 shares valued at approximately $4.9 million. Institutional investors collectively held 69.58% of the company’s stock.
• Analyst sentiment was generally positive, with Bank of America upgrading the stock to “buy” and raising its target to $54. The consensus rating was “Moderate Buy,” with an average target price of $46.57.
• Eldorado Gold reported quarterly EPS of $0.54, exceeding estimates of $0.52, though revenue of $487.5 million fell short of expectations. The company also paid a quarterly dividend of $0.075 per share, equivalent to a 0.9% annual yield.

TD Waterhouse Canada Inc. increased its stake in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 1,285.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,068 shares of the basic materials company's stock after buying an additional 121,608 shares during the quarter. TD Waterhouse Canada Inc. owned 0.05% of Eldorado Gold worth $4,919,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Continuum Advisory LLC bought a new stake in shares of Eldorado Gold during the second quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Eldorado Gold by 8.7% in the first quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company's stock valued at $351,000 after buying an additional 819 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Eldorado Gold by 217.4% in the third quarter. Farther Finance Advisors LLC now owns 1,295 shares of the basic materials company's stock valued at $50,000 after buying an additional 887 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of Eldorado Gold in the third quarter valued at about $58,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Eldorado Gold by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 65,774 shares of the basic materials company's stock valued at $2,258,000 after buying an additional 1,841 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Eldorado Gold from a "strong sell" rating to a "hold" rating in a research report on Monday, September 14th. Scotiabank decreased their price objective on shares of Eldorado Gold from $55.00 to $47.00 and set a "sector outperform" rating on the stock in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a "neutral" rating to an "outperform" rating in a research report on Sunday, August 9th. Weiss Ratings upgraded shares of Eldorado Gold from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Finally, Bank of America raised shares of Eldorado Gold from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $32.00 to $54.00 in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.57.

Eldorado Gold Stock Down 2.4%

NYSE:EGO opened at $35.09 on Tuesday. The stock's fifty day moving average price is $41.09 and its two-hundred day moving average price is $35.49. Eldorado Gold Corporation has a 52-week low of $24.44 and a 52-week high of $51.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.31. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 0.32 and a beta of 0.67.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 EPS for the quarter, beating 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 return on equity of 10.91% and a net margin of 29.83%. On average, analysts anticipate that Eldorado Gold Corporation will post 3.13 EPS for the current year.

Eldorado Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Eldorado Gold's dividend payout ratio is 10.64%.

Eldorado Gold Profile

Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.

Eldorado's operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.

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