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

LaSalle St. Investment Advisors LLC purchased a new stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,615 shares of the basic materials company’s stock, valued at approximately $454,000.

A number of other large investors have also added to or reduced their stakes in EGO. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Eldorado Gold in the 2nd quarter worth about $5,908,000. BlackRock Inc. purchased a new position in Eldorado Gold in the second quarter worth about $587,469,000. Deutsche Bank AG purchased a new position in Eldorado Gold in the second quarter worth about $44,892,000. Persistent Asset Partners Ltd bought a new stake in Eldorado Gold during the second quarter worth approximately $2,086,000. Finally, Beverly Hills Private Wealth LLC bought a new stake in Eldorado Gold during the second quarter worth approximately $1,496,000. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EGO shares. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Bank of America raised their price target on Eldorado Gold from $31.00 to $33.00 and gave the stock an “underperform” rating in a research report on Thursday, July 9th. Scotiabank cut their price objective on shares of 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. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “neutral” rating to an “outperform” rating in a report on Sunday, August 9th. Finally, Jefferies Financial Group began coverage on shares of Eldorado Gold in a research note on Thursday. They set a “buy” rating and a $50.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.00.

Eldorado Gold Stock Up 2.4%

NYSE:EGO opened at $42.75 on Friday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 0.31 and a beta of 0.63. Eldorado Gold Corporation has a twelve month low of $22.53 and a twelve month high of $51.16. 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 stock has a fifty day simple moving average of $33.26 and a 200-day simple moving average of $35.18.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $529.92 million. Analysts anticipate that Eldorado Gold Corporation will post 3.2 EPS for the current year.

Eldorado Gold Dividend Announcement

The business also recently declared 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. 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 payout ratio is currently 10.64%.

About Eldorado Gold

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.