UBS Group AG Has $9.26 Million Stake in Eldorado Gold Corporation $EGO

UBS Group AG lifted its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 78.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,858 shares of the basic materials company’s stock after acquiring an additional 113,710 shares during the quarter. UBS Group AG owned approximately 0.13% of Eldorado Gold worth $9,262,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EGO. Van ECK Associates Corp boosted its holdings in shares of Eldorado Gold by 33.9% during the 3rd quarter. Van ECK Associates Corp now owns 16,499,858 shares of the basic materials company’s stock valued at $476,679,000 after acquiring an additional 4,173,963 shares in the last quarter. TT International Asset Management LTD boosted its holdings in shares of Eldorado Gold by 1,730.9% during the 4th quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company’s stock valued at $26,916,000 after acquiring an additional 710,290 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Eldorado Gold by 94.9% during the 3rd quarter. Schroder Investment Management Group now owns 1,448,558 shares of the basic materials company’s stock valued at $41,240,000 after acquiring an additional 705,140 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Eldorado Gold during the 2nd quarter valued at $13,387,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Eldorado Gold by 241.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 682,945 shares of the basic materials company’s stock valued at $13,891,000 after acquiring an additional 482,915 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EGO. Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective on the stock. in a report on Tuesday, February 17th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, April 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 target price on the stock. in a report on Friday, February 20th. Finally, Canaccord Genuity Group downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and a consensus target price of $44.50.

Eldorado Gold Stock Performance

EGO stock opened at $31.67 on Friday. The stock has a 50-day moving average price of $34.68 and a 200-day moving average price of $35.88. Eldorado Gold Corporation has a 1-year low of $17.41 and a 1-year high of $51.16. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a market cap of $8.27 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.18 and a beta of 0.56.

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 the consensus estimate of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The firm had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million. As a group, equities research analysts expect that Eldorado Gold Corporation will post 4.27 earnings per share for the current year.

Eldorado Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold’s payout ratio is presently 10.68%.

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.