Schroder Investment Management Group Buys 705,140 Shares of Eldorado Gold Corporation $EGO

Schroder Investment Management Group grew its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 94.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,448,558 shares of the basic materials company’s stock after buying an additional 705,140 shares during the quarter. Schroder Investment Management Group owned approximately 0.72% of Eldorado Gold worth $41,240,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Eldorado Gold during the 2nd quarter valued at approximately $32,000. TD Waterhouse Canada Inc. increased its holdings in Eldorado Gold by 35.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 587 shares in the last quarter. State of Wyoming bought a new stake in Eldorado Gold during the 2nd quarter worth approximately $58,000. Employees Retirement System of Texas bought a new stake in Eldorado Gold during the 2nd quarter worth approximately $83,000. Finally, SBI Securities Co. Ltd. lifted its holdings in Eldorado Gold by 7.6% during 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 in the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 3.9%

EGO stock opened at $40.83 on Thursday. The firm has a fifty day moving average price of $42.54 and a 200 day moving average price of $33.78. Eldorado Gold Corporation has a fifty-two week low of $14.13 and a fifty-two week high of $51.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83. The firm has a market cap of $8.11 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.15 and a beta of 0.51.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $575.14 million for the quarter, compared to analysts’ expectations of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. Sell-side analysts anticipate that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

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

Analysts Set New Price Targets

EGO has been the subject of a number of analyst reports. TD Securities reduced their price objective on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research note on Friday, February 20th. Royal Bank Of Canada downgraded shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 target price for the company. in a report on Tuesday, February 17th. Canaccord Genuity Group lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Zacks Research raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Eldorado Gold has an average rating of “Hold” and a consensus price target of $43.71.

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.