709,550 Shares in Eldorado Gold Corporation $EGO Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. acquired a new stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 709,550 shares of the basic materials company’s stock, valued at approximately $22,060,000. Eldorado Gold makes up 1.0% of Heartland Advisors Inc.’s portfolio, making the stock its 19th largest position.

Other large investors also recently bought and sold shares of the company. Savant Capital LLC boosted its stake in Eldorado Gold by 2.7% during the fourth quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock worth $508,000 after buying an additional 371 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Eldorado Gold by 0.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock valued at $1,794,000 after acquiring an additional 582 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Eldorado Gold by 8.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 819 shares during the period. Smartleaf Asset Management LLC purchased a new stake in shares of Eldorado Gold in the 4th quarter valued at approximately $33,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Eldorado Gold by 8.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,904 shares of the basic materials company’s stock worth $428,000 after acquiring an additional 949 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup cut shares of Eldorado Gold to a “sector perform” rating in a research report on Monday, May 4th. Scotiabank cut their target price on Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Royal Bank Of Canada decreased their price target on Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group assumed coverage on Eldorado Gold in a research report on Thursday. They set a “buy” rating and a $50.00 price target for the company. Finally, Stifel Nicolaus raised Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Eldorado Gold currently has an average rating of “Hold” and a consensus target price of $43.00.

Eldorado Gold Stock Up 7.5%

Shares of NYSE:EGO opened at $45.83 on Friday. The firm has a market capitalization of $11.98 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.31 and a beta of 0.63. Eldorado Gold Corporation has a 1 year low of $22.66 and a 1 year high of $51.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.31 and a quick ratio of 0.85. The firm’s 50-day moving average is $33.56 and its two-hundred day moving average is $35.25.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $487.50 million during the quarter, compared to analyst estimates of $529.92 million. Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. Analysts predict that Eldorado Gold Corporation will post 3.2 EPS for the current year.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. Eldorado Gold’s dividend payout ratio is 10.64%.

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.