Eldorado Gold Corporation $EGO Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 702,750 shares of the basic materials company’s stock after selling 30,625 shares during the quarter. Eldorado Gold accounts for approximately 1.2% of Heartland Advisors Inc.’s investment portfolio, making the stock its 9th largest position. Heartland Advisors Inc. owned approximately 0.35% of Eldorado Gold worth $24,125,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. L1 Capital Pty Ltd raised its position in Eldorado Gold by 35.2% in the fourth quarter. L1 Capital Pty Ltd now owns 9,640,407 shares of the basic materials company’s stock worth $346,283,000 after acquiring an additional 2,512,168 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Eldorado Gold by 904.1% in the 4th quarter. Mackenzie Financial Corp now owns 1,811,814 shares of the basic materials company’s stock valued at $65,322,000 after acquiring an additional 1,631,373 shares during the last quarter. Millennium Management LLC boosted its position in shares of Eldorado Gold by 490.6% during the 4th quarter. Millennium Management LLC now owns 1,787,062 shares of the basic materials company’s stock valued at $64,193,000 after purchasing an additional 1,484,503 shares in the last quarter. FIL Ltd bought a new position in shares of Eldorado Gold during the 4th quarter valued at about $35,473,000. Finally, TT International Asset Management LTD grew its stake in shares of Eldorado Gold by 1,730.9% in the 4th quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company’s stock worth $26,916,000 after purchasing an additional 710,290 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 0.3%

NYSE:EGO opened at $27.94 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. Eldorado Gold Corporation has a 1-year low of $19.70 and a 1-year high of $51.16. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.16 and a beta of 0.62. The stock has a fifty day simple moving average of $31.65 and a 200 day simple moving average of $36.19.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results 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. The firm had revenue of $532.43 million for the quarter, compared to analysts’ expectations of $503.31 million. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%. Sell-side analysts forecast that Eldorado Gold Corporation will post 3.87 earnings per share for the current year.

Eldorado Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is presently 10.68%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. TD Cowen dropped their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Citigroup cut shares of Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Bank of America lifted their price target on shares of Eldorado Gold from $31.00 to $33.00 and gave the stock an “underperform” rating in a research report on Thursday, July 9th. Finally, Zacks Research raised Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and an average price target of $41.83.

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.