116,266 Shares in Eldorado Gold Corporation $EGO Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 116,266 shares of the basic materials company’s stock, valued at approximately $3,621,000.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Eldorado Gold during the second quarter worth about $32,000. Smartleaf Asset Management LLC purchased a new position in shares of Eldorado Gold in the 4th quarter valued at approximately $33,000. Wexford Capital LP purchased a new position in shares of Eldorado Gold in the 3rd quarter valued at approximately $37,000. State of Wyoming acquired a new stake in Eldorado Gold in the 2nd quarter worth approximately $58,000. Finally, EFG International AG acquired a new stake in Eldorado Gold in the 2nd quarter worth approximately $62,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EGO. Scotiabank cut their price target 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. Royal Bank Of Canada lowered 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. Jefferies Financial Group started coverage on shares of Eldorado Gold in a report on Thursday, August 20th. They set a “buy” rating and a $50.00 price objective on the stock. Weiss Ratings downgraded Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Finally, Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.00.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $42.86 on Wednesday. Eldorado Gold Corporation has a twelve month low of $24.36 and a twelve month high of $51.16. The company’s 50 day moving average is $35.37 and its 200 day moving average is $35.47. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. The company has a market cap of $11.20 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 0.33 and a beta of 0.70.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $529.92 million. On average, sell-side analysts forecast that Eldorado Gold Corporation will post 3.23 EPS for the current year.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 1st. 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.