Eldorado Gold Corporation $EGO Holdings Raised by Candriam S.C.A.

Candriam S.C.A. increased its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,270,400 shares of the basic materials company’s stock after purchasing an additional 97,900 shares during the quarter. Candriam S.C.A. owned about 0.63% of Eldorado Gold worth $36,702,000 at the end of the most recent quarter.

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

Eldorado Gold Price Performance

NYSE EGO opened at $41.99 on Tuesday. The stock’s 50-day moving average price is $38.25 and its two-hundred day moving average price is $30.45. 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 company has a market cap of $8.34 billion, a PE ratio of 23.33, a PEG ratio of 0.19 and a beta of 0.51. Eldorado Gold Corporation has a 1 year low of $13.29 and a 1 year high of $51.16.

Eldorado Gold Dividend Announcement

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

Analyst Ratings Changes

EGO has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $54.00 price objective on shares of Eldorado Gold in a research note on Wednesday, February 4th. Bank of America boosted their price target on shares of Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a research report on Monday, December 1st. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Scotiabank raised shares of Eldorado Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 26th. Finally, National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $32.80.

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.