Eldorado Gold Corporation $EGO Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 19.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,655 shares of the basic materials company’s stock after acquiring an additional 30,725 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Eldorado Gold were worth $5,421,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EGO. TD Waterhouse Canada Inc. raised its stake in shares of Eldorado Gold by 35.4% during the second quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 587 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Eldorado Gold by 7.6% in the second quarter. SBI Securities Co. Ltd. now owns 9,693 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 687 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of Eldorado Gold by 2.6% in the second quarter. Fox Run Management L.L.C. now owns 29,553 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 759 shares during the period. EverSource Wealth Advisors LLC grew its holdings 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 valued at $272,000 after purchasing an additional 908 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. grew its holdings in Eldorado Gold by 6.4% during the 2nd quarter. Northwest & Ethical Investments L.P. now owns 22,155 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 1,340 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EGO shares. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a report on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a research note on Wednesday, January 21st. Canaccord Genuity Group lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Scotiabank cut their price target on Eldorado Gold from $59.00 to $58.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price target for the company. in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.71.

Eldorado Gold Trading Down 0.1%

NYSE EGO opened at $40.41 on Monday. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46. Eldorado Gold Corporation has a 12 month low of $14.06 and a 12 month high of $51.16. The company’s fifty day moving average price is $42.22 and its two-hundred day moving average price is $33.47.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released 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). The company had revenue of $575.14 million during the quarter, compared to the consensus estimate of $500.42 million. Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%. As a group, research analysts predict that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th. Eldorado Gold’s payout ratio is currently 12.10%.

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.