Royal Bank of Canada Sells 78,709 Shares of Eldorado Gold Corporation $EGO

Royal Bank of Canada lessened its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 3.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,934,796 shares of the basic materials company’s stock after selling 78,709 shares during the quarter. Royal Bank of Canada’s holdings in Eldorado Gold were worth $66,421,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EGO. TT International Asset Management LTD raised its stake in Eldorado Gold by 1,730.9% during the fourth quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company’s stock valued at $26,916,000 after purchasing an additional 710,290 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Eldorado Gold in the 4th quarter worth $3,214,000. U S Global Investors Inc. purchased a new position in shares of Eldorado Gold in the 4th quarter worth $1,796,000. Burney Co. bought a new stake in shares of Eldorado Gold in the 4th quarter worth about $2,506,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Eldorado Gold by 41.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 786,300 shares of the basic materials company’s stock worth $28,261,000 after buying an additional 232,000 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 7.6%

EGO stock opened at $30.27 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. Eldorado Gold Corporation has a twelve month low of $20.39 and a twelve month high of $51.16. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.20 and a beta of 0.62. The firm’s fifty day simple moving average is $31.36 and its two-hundred day simple moving average is $35.81.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $487.50 million for the quarter, compared to the consensus estimate of $529.92 million. Eldorado Gold had a net margin of 29.83% and a return on equity of 12.60%. As a group, analysts anticipate that Eldorado Gold Corporation will post 3.41 earnings per share for the current year.

Eldorado Gold Dividend Announcement

The company also recently declared 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 yield of 1.0%. The ex-dividend date is Tuesday, September 1st. Eldorado Gold’s dividend payout ratio is presently 10.68%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup lowered Eldorado Gold to a “sector perform” rating in a research report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 15th. Scotiabank decreased their price objective on Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Finally, TD Securities lowered their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.83.

More Eldorado Gold News

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Stifel upgraded EGO from “hold” to “buy,” signaling improved confidence in the company’s valuation or outlook after the recent weakness.
• Positive Sentiment: Second-quarter earnings exceeded expectations: Eldorado reported EPS of $0.54 versus the $0.52 consensus estimate. The company also reported a 28.62% net margin and 11.60% return on equity. Eldorado Gold Reports Solid Q2 2026 Financial and Operational Results
• Positive Sentiment: Skouries remains on track for completion in the third quarter of 2026, potentially supporting future production and cash flow.
• Positive Sentiment: Eldorado renewed its normal-course issuer bid, giving the company authorization to repurchase shares and potentially enhance per-share value. Eldorado Gold Announces Renewal of Normal Course Issuer Bid
• Positive Sentiment: The company declared a quarterly dividend of $0.075 per share, equivalent to approximately $0.30 annually and a yield near 1%, reinforcing shareholder returns.
• Neutral Sentiment: Leadership changes are proceeding: Chair Steven Reid left the board, while CEO George Burns is scheduled to retire on September 30. The transition introduces execution uncertainty but was previously announced. Eldorado Gold Announces Board Leadership Transition
• Negative Sentiment: Revenue was $487.5 million, below the $529.9 million analyst estimate. This miss likely outweighed the modest EPS beat and raised questions about sales, production or realized-price performance.
• Negative Sentiment: Investors purchased 4,073 put options, 144% above typical volume, indicating increased hedging or bearish speculation around EGO.
• Negative Sentiment: Zacks Research downgraded the stock from “hold” to “strong sell,” creating a notable contrast with Stifel’s bullish upgrade and adding to conflicting investor signals. Zacks Research

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.