Twin Tree Management LP Trims Stock Position in Eldorado Gold Corporation $EGO

Twin Tree Management LP lessened its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 73.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,800 shares of the basic materials company’s stock after selling 24,417 shares during the quarter. Twin Tree Management LP’s holdings in Eldorado Gold were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Eldorado Gold during the 4th quarter valued at approximately $36,000. Aventura Private Wealth LLC purchased a new stake in shares of Eldorado Gold during the 4th quarter valued at approximately $36,000. Wexford Capital LP purchased a new stake in shares of Eldorado Gold during the 3rd quarter valued at approximately $37,000. Headlands Technologies LLC purchased a new stake in shares of Eldorado Gold during the 2nd quarter valued at approximately $32,000. Finally, State of Wyoming purchased a new stake in Eldorado Gold in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Down 2.2%

Shares of NYSE EGO opened at $29.22 on Wednesday. Eldorado Gold Corporation has a 52-week low of $19.56 and a 52-week high of $51.16. The business’s 50 day moving average is $33.02 and its two-hundred day moving average is $36.52. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.17 and a beta of 0.58.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The business had revenue of $532.43 million for the quarter, compared to analyst estimates of $503.31 million. Research analysts predict 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. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. Eldorado Gold’s dividend payout ratio is currently 10.68%.

Wall Street Analyst Weigh In

EGO has been the topic of a number of research analyst reports. Weiss Ratings lowered Eldorado Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. TD Cowen cut their target price on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, April 15th. BMO Capital Markets reissued an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. Finally, Zacks Research lowered Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average 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.