Eldorado Gold Corporation $EGO Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 1.1% in the first quarter, Holdings Channel reports. The institutional investor owned 5,113,413 shares of the basic materials company’s stock after purchasing an additional 54,964 shares during the period. Dimensional Fund Advisors LP’s holdings in Eldorado Gold were worth $175,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Eldorado Gold in the 2nd quarter valued at about $32,000. Smartleaf Asset Management LLC purchased a new stake in Eldorado Gold during the fourth quarter worth approximately $33,000. Flagship Harbor Advisors LLC purchased a new stake in Eldorado Gold during the fourth quarter worth approximately $36,000. Wexford Capital LP acquired a new position in Eldorado Gold in the third quarter valued at approximately $37,000. Finally, State of Wyoming acquired a new position in Eldorado Gold in the second quarter valued at approximately $58,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on EGO shares. TD Securities dropped their price target on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Royal Bank Of Canada dropped their target price on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. Finally, 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 research 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.83.

Eldorado Gold Stock Down 0.3%

Shares of NYSE EGO opened at $31.89 on Friday. The stock has a market cap of $8.33 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.22 and a beta of 0.62. 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 52-week low of $20.15 and a 52-week high of $51.16. The business has a 50-day moving average price of $31.30 and a 200 day moving average price of $36.01.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) 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 the consensus estimate of $503.31 million. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%. Equities research analysts forecast that Eldorado Gold Corporation will post 3.41 earnings per share for the current year.

Eldorado Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio is presently 10.68%.

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.