Cibc World Market Inc. Decreases Holdings in Eldorado Gold Corporation $EGO

Cibc World Market Inc. decreased its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 321,990 shares of the basic materials company’s stock after selling 23,455 shares during the period. Cibc World Market Inc. owned 0.16% of Eldorado Gold worth $11,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC lifted its position in Eldorado Gold by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 318 shares during the last quarter. Savant Capital LLC lifted its position 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 valued at $508,000 after acquiring an additional 371 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in 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 lifted its position in Eldorado Gold by 10.7% during the third quarter. EverSource Wealth Advisors LLC now owns 9,406 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 908 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Eldorado Gold during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 7.7%

Shares of Eldorado Gold stock opened at $29.53 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18. The firm has a fifty day moving average price of $33.17 and a 200 day moving average price of $36.44. Eldorado Gold Corporation has a 1 year low of $19.56 and a 1 year high of $51.16. The stock has a market cap of $7.71 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.17 and a beta of 0.58.

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

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 target price for the company. in a research report on Friday, February 20th. TD Cowen decreased their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Citigroup cut shares of Eldorado Gold to a “sector perform” rating in a research report on Monday, May 4th. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada downgraded shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective for the company. in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.50.

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.