Winmill & CO. Inc. Purchases New Shares in Eldorado Gold Corporation $EGO

Winmill & CO. Inc. purchased a new stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,000 shares of the basic materials company’s stock, valued at approximately $898,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Linden Thomas Advisory Services LLC boosted its position in shares of Eldorado Gold by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 318 shares during the period. Savant Capital LLC boosted its position in shares of Eldorado Gold by 2.7% in the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock valued at $508,000 after purchasing an additional 371 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Eldorado Gold by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock valued at $1,794,000 after purchasing an additional 582 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Eldorado Gold by 10.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,406 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 908 shares during the period. Finally, Smartleaf Asset Management LLC acquired a new position in shares of Eldorado Gold in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Down 0.1%

Shares of Eldorado Gold stock opened at $30.62 on Monday. The stock has a 50-day moving average price of $32.73 and a 200 day moving average price of $36.56. The company has a market cap of $7.99 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.18 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. Eldorado Gold Corporation has a 1 year low of $19.56 and a 1 year high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The firm had revenue of $532.43 million during the quarter, compared to the consensus estimate of $503.31 million. As a group, analysts expect that Eldorado Gold Corporation will post 4.27 EPS for the current fiscal year.

Eldorado Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EGO. Scotiabank reduced their price objective on Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 21st. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets reissued an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 15th. Finally, Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Eldorado Gold has an average rating of “Hold” and an average target price of $44.50.

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.