Aegis Financial Corp Sells 25,000 Shares of Eldorado Gold Corporation $EGO

Aegis Financial Corp decreased its holdings in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 387,779 shares of the basic materials company’s stock after selling 25,000 shares during the quarter. Eldorado Gold accounts for about 3.3% of Aegis Financial Corp’s holdings, making the stock its 13th biggest position. Aegis Financial Corp’s holdings in Eldorado Gold were worth $13,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of Eldorado Gold during the fourth quarter worth approximately $36,000. Aventura Private Wealth LLC bought a new position in shares of Eldorado Gold during the fourth quarter worth approximately $36,000. Wexford Capital LP bought a new position in shares of Eldorado Gold during the third quarter worth approximately $37,000. Headlands Technologies LLC bought a new position in shares of Eldorado Gold during the second quarter worth approximately $32,000. Finally, State of Wyoming bought a new position in shares of Eldorado Gold during the second quarter worth approximately $58,000. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 target price on the stock. in a research note on Tuesday, February 17th. TD Cowen reduced their price target on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, April 15th. TD Securities reduced their price target on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Finally, Scotiabank reduced their price target on Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Eldorado Gold currently has an average rating of “Hold” and a consensus target price of $44.50.

Eldorado Gold Stock Up 7.4%

Shares of EGO opened at $30.00 on Friday. The company has a market capitalization of $7.83 billion, a PE ratio of 10.68, a PEG ratio of 0.16 and a beta of 0.58. Eldorado Gold Corporation has a 12 month low of $19.56 and a 12 month high of $51.16. The stock’s 50-day moving average price is $32.84 and its two-hundred day moving average price is $36.55. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27.

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

Eldorado Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold’s payout ratio is currently 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.