Alps Advisors Inc. Has $3.51 Million Stock Position in Eldorado Gold Corporation $EGO

Alps Advisors Inc. boosted its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 76.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,598 shares of the basic materials company’s stock after purchasing an additional 52,632 shares during the quarter. Alps Advisors Inc. owned about 0.06% of Eldorado Gold worth $3,513,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EGO. Caitong International Asset Management Co. Ltd bought a new position in Eldorado Gold in the 2nd quarter valued at about $32,000. Headlands Technologies LLC acquired a new stake in shares of Eldorado Gold during the 2nd quarter worth approximately $32,000. TD Waterhouse Canada Inc. boosted its position in shares of Eldorado Gold by 35.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 587 shares in the last quarter. State of Wyoming bought a new position in Eldorado Gold in the second quarter valued at approximately $58,000. Finally, Employees Retirement System of Texas acquired a new position in Eldorado Gold during the second quarter valued at approximately $83,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Stock Performance

Shares of EGO stock opened at $41.99 on Tuesday. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 0.19 and a beta of 0.51. The company has a current ratio of 2.79, a quick ratio of 2.28 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $38.25 and its 200-day moving average price is $30.45. Eldorado Gold Corporation has a 12 month low of $13.29 and a 12 month high of $51.16.

Eldorado Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, February 27th.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EGO. Scotiabank raised Eldorado Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 26th. Bank of America lifted their target price on Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a research report on Monday, December 1st. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research note on Tuesday, November 4th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $54.00 price target on shares of Eldorado Gold in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $32.80.

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.