Eldorado Gold Corporation $EGO Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,810,533 shares of the basic materials company’s stock after purchasing an additional 20,205 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.39% of Eldorado Gold worth $138,973,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EGO. Cresset Asset Management LLC purchased a new position in shares of Eldorado Gold in the 3rd quarter valued at about $228,000. Picton Mahoney Asset Management purchased a new stake in shares of Eldorado Gold during the third quarter worth approximately $869,000. Sprott Inc. raised its holdings in Eldorado Gold by 3.1% in the third quarter. Sprott Inc. now owns 1,915,378 shares of the basic materials company’s stock valued at $55,335,000 after acquiring an additional 58,013 shares in the last quarter. American Century Companies Inc. raised its holdings in Eldorado Gold by 36.5% in the third quarter. American Century Companies Inc. now owns 1,565,341 shares of the basic materials company’s stock valued at $45,207,000 after acquiring an additional 418,982 shares in the last quarter. Finally, Harvest Portfolios Group Inc. lifted its stake in Eldorado Gold by 15.9% in the third quarter. Harvest Portfolios Group Inc. now owns 50,350 shares of the basic materials company’s stock worth $1,454,000 after acquiring an additional 6,910 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EGO. TD Cowen lowered their price target on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, February 24th. TD Securities reduced their price objective on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, February 24th. Canadian Imperial Bank of Commerce downgraded 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 note on Friday, February 20th. Zacks Research raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Canaccord Genuity Group cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Eldorado Gold has an average rating of “Hold” and a consensus target price of $43.71.

Eldorado Gold Stock Up 5.0%

Shares of NYSE EGO opened at $42.58 on Wednesday. The business has a 50-day moving average price of $42.45 and a 200 day moving average price of $33.73. The stock has a market cap of $8.46 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 0.14 and a beta of 0.51. 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 52-week low of $14.13 and a 52-week high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%.The firm had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. Equities research analysts forecast that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

Eldorado Gold Announces Dividend

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