Allspring Global Investments Holdings LLC Boosts Stock Holdings in Eldorado Gold Corporation $EGO

Allspring Global Investments Holdings LLC boosted its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 41.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 786,300 shares of the basic materials company’s stock after acquiring an additional 232,000 shares during the period. Allspring Global Investments Holdings LLC owned about 0.40% of Eldorado Gold worth $28,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EGO. Headlands Technologies LLC purchased a new position in shares of Eldorado Gold during the second quarter worth approximately $32,000. Aventura Private Wealth LLC acquired a new position in Eldorado Gold during the fourth quarter worth about $36,000. Wexford Capital LP purchased a new position in Eldorado Gold in the third quarter valued at about $37,000. State of Wyoming acquired a new stake in shares of Eldorado Gold during the 2nd quarter valued at approximately $58,000. Finally, Jacobsen Capital Management acquired a new stake in shares of Eldorado Gold during the 3rd quarter valued at approximately $217,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

EGO has been the topic of a number of research reports. Scotiabank lowered their price target on Eldorado Gold from $59.00 to $58.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, January 21st. 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. Canaccord Genuity Group lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Zacks Research cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $43.71.

Eldorado Gold Stock Up 0.1%

Shares of NYSE EGO opened at $35.83 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83. Eldorado Gold Corporation has a 1 year low of $15.30 and a 1 year high of $51.16. The stock’s 50-day simple moving average is $40.70 and its 200-day simple moving average is $34.79. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.15 and a beta of 0.66.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. The business had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. As a group, equities analysts anticipate that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.30 annualized dividend and a yield of 0.8%. Eldorado Gold’s dividend payout ratio is currently 12.10%.

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.