Jupiter Asset Management Ltd. Acquires 97,124 Shares of Eldorado Gold Corporation $EGO

Jupiter Asset Management Ltd. lifted its holdings in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 794.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,342 shares of the basic materials company’s stock after acquiring an additional 97,124 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.06% of Eldorado Gold worth $3,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Eldorado Gold in the 2nd quarter valued at about $32,000. Aventura Private Wealth LLC bought a new stake in Eldorado Gold during the 4th quarter worth approximately $36,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Eldorado Gold in the fourth quarter worth approximately $36,000. Wexford Capital LP bought a new position in shares of Eldorado Gold in the third quarter valued at approximately $37,000. Finally, State of Wyoming bought a new position in shares of Eldorado Gold in the second quarter valued at approximately $58,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at $33.87 on Friday. The business’s fifty day simple moving average is $33.26 and its 200 day simple moving average is $36.31. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. Eldorado Gold Corporation has a 12 month low of $19.56 and a 12 month high of $51.16. The firm has a market capitalization of $8.84 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.20 and a beta of 0.56.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The firm had revenue of $532.43 million during the quarter, compared to the consensus estimate of $503.31 million. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%. As a group, analysts anticipate that Eldorado Gold Corporation will post 4.27 EPS for the current year.

Eldorado Gold Dividend Announcement

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 issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EGO. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Citigroup downgraded shares of Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. TD Securities reduced their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Scotiabank lowered their target price on shares of Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 21st. Finally, Zacks Research lowered shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.50.

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.