LaSalle St. Investment Advisors LLC Takes $454,000 Position in Eldorado Gold Corporation $EGO

LaSalle St. Investment Advisors LLC acquired a new stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 14,615 shares of the basic materials company’s stock, valued at approximately $454,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC purchased a new position in Eldorado Gold during the 4th quarter valued at about $33,000. Wexford Capital LP purchased a new stake in shares of Eldorado Gold in the 3rd quarter worth approximately $37,000. Headlands Technologies LLC purchased a new stake in shares of Eldorado Gold in the 2nd quarter worth approximately $32,000. EFG International AG bought a new position in shares of Eldorado Gold during the fourth quarter valued at approximately $72,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Eldorado Gold during the fourth quarter valued at approximately $98,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EGO shares. Weiss Ratings downgraded shares of Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada cut their price target on Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group initiated coverage on Eldorado Gold in a research report on Thursday. They issued a “buy” rating and a $50.00 price target for the company. Scotiabank decreased their price objective on Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Canadian Imperial Bank of Commerce raised Eldorado Gold from a “neutral” rating to an “outperform” rating in a research report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

Eldorado Gold Price Performance

NYSE EGO opened at $42.75 on Friday. The firm’s fifty day simple moving average is $33.26 and its two-hundred day simple moving average is $35.18. The firm has a market capitalization of $11.17 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.31 and a beta of 0.63. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Eldorado Gold Corporation has a 12-month low of $22.53 and a 12-month high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $487.50 million during the quarter, compared to analyst estimates of $529.92 million. Eldorado Gold had a return on equity of 10.91% and a net margin of 29.83%. Analysts forecast that Eldorado Gold Corporation will post 3.2 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.075 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. Eldorado Gold’s dividend payout ratio (DPR) is 10.64%.

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.