Eldorado Gold Corporation $EGO Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 68.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,168 shares of the basic materials company’s stock after purchasing an additional 22,082 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Eldorado Gold were worth $1,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Linden Thomas Advisory Services LLC increased its holdings in shares of Eldorado Gold by 4.2% in the fourth 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. CANADA LIFE ASSURANCE Co increased its holdings in shares of Eldorado Gold by 0.9% in the third 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 increased its holdings in shares of Eldorado Gold by 10.7% in the third 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. Flagship Harbor Advisors LLC acquired a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $36,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Down 3.7%

EGO opened at $28.74 on Tuesday. The business’s fifty day moving average is $36.62 and its two-hundred day moving average is $35.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.17 and a beta of 0.56. Eldorado Gold Corporation has a one year low of $17.18 and a one year high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, April 30th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $532.43 million for the quarter, compared to the consensus estimate of $503.31 million. Eldorado Gold had a return on equity of 11.72% and a net margin of 28.62%. Analysts anticipate that Eldorado Gold Corporation will post 4.36 EPS for the current fiscal year.

Eldorado Gold Dividend Announcement

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

Analyst Upgrades and Downgrades

EGO has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a report on Monday, April 20th. Canadian Imperial Bank of Commerce lowered Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a report on Friday, February 20th. Citigroup lowered Eldorado Gold to a “sector perform” rating in a report on Monday. Scotiabank dropped their price objective on Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Eldorado Gold currently has an average rating of “Hold” and a consensus target price of $44.50.

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.