Eldorado Gold Corporation $EGO Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 36.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,565,341 shares of the basic materials company’s stock after purchasing an additional 418,982 shares during the period. American Century Companies Inc. owned 0.78% of Eldorado Gold worth $45,207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EGO. Vanguard Group Inc. increased its position in shares of Eldorado Gold by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 8,387,901 shares of the basic materials company’s stock valued at $242,226,000 after purchasing an additional 209,947 shares during the period. Jennison Associates LLC lifted its holdings in shares of Eldorado Gold by 2.3% in the third quarter. Jennison Associates LLC now owns 8,173,003 shares of the basic materials company’s stock valued at $236,118,000 after buying an additional 182,780 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Eldorado Gold by 228.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,994,328 shares of the basic materials company’s stock valued at $101,649,000 after buying an additional 3,472,504 shares during the period. Ruffer LLP boosted its stake in Eldorado Gold by 29.2% during the third quarter. Ruffer LLP now owns 1,412,740 shares of the basic materials company’s stock valued at $40,814,000 after buying an additional 319,187 shares in the last quarter. Finally, Candriam S.C.A. boosted its stake in Eldorado Gold by 8.3% during the third quarter. Candriam S.C.A. now owns 1,270,400 shares of the basic materials company’s stock valued at $36,702,000 after buying an additional 97,900 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Trading Down 0.1%

Shares of NYSE EGO opened at $40.41 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.83 and a debt-to-equity ratio of 0.29. Eldorado Gold Corporation has a 12 month low of $14.06 and a 12 month high of $51.16. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.14 and a beta of 0.51. The business has a fifty day simple moving average of $42.22 and a 200-day simple moving average of $33.32.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results 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). The company had revenue of $575.14 million during the quarter, compared to analysts’ expectations of $500.42 million. Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%. Sell-side analysts predict that Eldorado Gold Corporation will post 1.5 EPS for the current year.

Eldorado Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th. Eldorado Gold’s dividend payout ratio (DPR) is 12.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EGO shares. TD Securities dropped their price target on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, February 24th. Royal Bank Of Canada lowered shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective for the company. in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a research note on Friday, February 20th. Bank of America boosted their target price on shares of Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a report on Monday, December 1st. Finally, TD Cowen cut their target price on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.71.

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.