Y Intercept Hong Kong Ltd Buys 143,503 Shares of Eldorado Gold Corporation $EGO

Y Intercept Hong Kong Ltd grew its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 462.6% during the first quarter, HoldingsChannel.com reports. The fund owned 174,523 shares of the basic materials company’s stock after buying an additional 143,503 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Eldorado Gold were worth $5,991,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EGO. Van ECK Associates Corp raised its holdings in shares of Eldorado Gold by 33.9% during the third quarter. Van ECK Associates Corp now owns 16,499,858 shares of the basic materials company’s stock valued at $476,679,000 after purchasing an additional 4,173,963 shares during the last quarter. L1 Capital Pty Ltd lifted its position in Eldorado Gold by 35.2% during the fourth quarter. L1 Capital Pty Ltd now owns 9,640,407 shares of the basic materials company’s stock valued at $346,283,000 after purchasing an additional 2,512,168 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Eldorado Gold by 2.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,546,074 shares of the basic materials company’s stock worth $199,274,000 after purchasing an additional 132,170 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Eldorado Gold by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,058,449 shares of the basic materials company’s stock worth $181,701,000 after purchasing an additional 247,916 shares during the last quarter. Finally, Carrhae Capital LLP grew its position in Eldorado Gold by 10.6% in the 3rd quarter. Carrhae Capital LLP now owns 4,994,738 shares of the basic materials company’s stock worth $144,298,000 after purchasing an additional 480,253 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EGO has been the subject of a number of research reports. Weiss Ratings lowered shares of Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. Zacks Research raised Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. TD Cowen reduced their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, TD Securities lowered their target price on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $44.50.

Eldorado Gold Stock Performance

EGO opened at $33.61 on Friday. The company’s 50 day moving average is $31.95 and its 200 day moving average is $36.60. 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 company has a market cap of $8.78 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.20 and a beta of 0.62. Eldorado Gold Corporation has a 12-month low of $19.62 and a 12-month high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%. The business had revenue of $532.43 million during the quarter, compared to analysts’ expectations of $503.31 million. On average, equities research analysts predict that Eldorado Gold Corporation will post 4.27 EPS for the current year.

Eldorado Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.9%. 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.