Cvfg LLC Buys Shares of 63,010 Eldorado Gold Corporation $EGO

Cvfg LLC bought a new position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 63,010 shares of the basic materials company’s stock, valued at approximately $2,163,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Eldorado Gold in the 2nd quarter valued at $32,000. Smartleaf Asset Management LLC acquired a new position in Eldorado Gold during the fourth quarter worth $33,000. Aventura Private Wealth LLC bought a new position in Eldorado Gold during the fourth quarter valued at about $36,000. Flagship Harbor Advisors LLC bought a new position in Eldorado Gold during the fourth quarter valued at about $36,000. Finally, Wexford Capital LP acquired a new stake in shares of Eldorado Gold in the third quarter worth about $37,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Down 4.2%

EGO stock opened at $32.02 on Wednesday. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.19 and a beta of 0.62. The company has a 50-day moving average of $31.98 and a two-hundred day moving average of $36.59. Eldorado Gold Corporation has a 52-week low of $19.62 and a 52-week high of $51.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18.

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

Eldorado Gold Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on EGO shares. TD Cowen decreased their price target on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a report on Wednesday, April 15th. Zacks Research upgraded Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. TD Securities decreased their target price on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.50.

Eldorado Gold Company 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.