130,102 Shares in Eldorado Gold Corporation $EGO Acquired by Moore Capital Management LP

Moore Capital Management LP purchased a new position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 130,102 shares of the basic materials company’s stock, valued at approximately $4,045,000.

A number of other large investors also recently bought and sold shares of EGO. Caisse de depot et placement du Quebec purchased a new position in shares of Eldorado Gold in the 2nd quarter worth $7,356,000. Jupiter Asset Management Ltd. grew its position in Eldorado Gold by 794.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 109,342 shares of the basic materials company’s stock valued at $3,935,000 after acquiring an additional 97,124 shares during the period. Van ECK Associates Corp increased its stake in Eldorado Gold by 39.0% during the second quarter. Van ECK Associates Corp now owns 18,678,256 shares of the basic materials company’s stock worth $580,739,000 after acquiring an additional 5,241,277 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Eldorado Gold by 255.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 123,176 shares of the basic materials company’s stock worth $4,427,000 after acquiring an additional 88,508 shares during the last quarter. Finally, L1 Global Manager Pty Ltd purchased a new position in shares of Eldorado Gold in the 4th quarter worth about $1,437,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $44.74 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.31. Eldorado Gold Corporation has a one year low of $23.95 and a one year high of $51.16. The stock’s 50 day moving average price is $35.14 and its 200 day moving average price is $35.50. The firm has a market capitalization of $11.69 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.33 and a beta of 0.63.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. The company had revenue of $487.50 million for the quarter, compared to analyst estimates of $529.92 million. As a group, sell-side analysts expect that Eldorado Gold Corporation will post 3.23 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EGO. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “neutral” rating to an “outperform” rating in a report on Sunday, August 9th. Jefferies Financial Group initiated coverage on shares of Eldorado Gold in a research report on Thursday, August 20th. They set a “buy” rating and a $50.00 price target on the stock. Royal Bank Of Canada decreased their price objective on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Stifel Nicolaus raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. Finally, Scotiabank cut their target price on shares of Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.00.

Eldorado Gold 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.