--- title: "Empowered Funds LLC Sells 90,901 Shares of Eldorado Gold Corporation $EGO" type: "News" locale: "en" url: "https://longbridge.com/en/news/296451249.md" description: "Empowered Funds LLC reduced its Eldorado Gold (EGO) holdings by 93.3% in Q1, selling 90,901 shares. Conversely, Goldman Sachs, Geode Capital, JPMorgan, Jump Financial, and Cerity Partners increased their stakes in EGO during recent quarters. Analysts have mixed ratings on EGO, with an average 'Hold' rating and a consensus target price of $41.83. EGO recently reported quarterly EPS of $0.54, beating estimates, and announced a $0.075 quarterly dividend." datetime: "2026-08-20T07:36:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296451249.md) - [en](https://longbridge.com/en/news/296451249.md) - [zh-HK](https://longbridge.com/zh-HK/news/296451249.md) generator: "portal-rs" --- # Empowered Funds LLC Sells 90,901 Shares of Eldorado Gold Corporation $EGO Empowered Funds LLC reduced its holdings in shares of Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 93.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,523 shares of the basic materials company's stock after selling 90,901 shares during the period. Empowered Funds LLC's holdings in Eldorado Gold were worth $224,000 at the end of the most recent reporting period. Get **Eldorado Gold** alerts: - 3 High-Momentum Gold Stocks Surging on the Metals Rally Several other large investors have also recently made changes to their positions in EGO. Goldman Sachs Group Inc. boosted its stake in shares of Eldorado Gold by 50.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company's stock valued at $13,426,000 after purchasing an additional 266,048 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Eldorado Gold by 6.0% in the second quarter. Geode Capital Management LLC now owns 113,368 shares of the basic materials company's stock worth $2,318,000 after buying an additional 6,383 shares during the period. JPMorgan Chase & Co. boosted its position in Eldorado Gold by 1,209.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company's stock valued at $6,903,000 after buying an additional 313,449 shares during the period. Jump Financial LLC bought a new stake in Eldorado Gold in the 2nd quarter worth $859,000. Finally, Cerity Partners LLC grew its holdings in Eldorado Gold by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 36,039 shares of the basic materials company's stock worth $733,000 after acquiring an additional 4,758 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors. ## Analysts Set New Price Targets EGO has been the subject of several recent analyst reports. Stifel Nicolaus raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, July 31st. Scotiabank cut their target price on 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. Citigroup downgraded Eldorado Gold to a "sector perform" rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce raised Eldorado Gold from a "neutral" rating to an "outperform" rating in a research report on Sunday, August 9th. Finally, Royal Bank Of Canada dropped their price objective on Eldorado Gold from $39.00 to $37.00 and set a "sector perform" rating for the company in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Eldorado Gold presently has an average rating of "Hold" and a consensus target price of $41.83. - Which of these Gold Mining Stocks is Glittering After Earnings? **View Our Latest Report on EGO** ## Eldorado Gold Trading Up 7.8% NYSE:EGO opened at $41.73 on Thursday. The company has a 50-day moving average price of $33.00 and a 200-day moving average price of $35.18. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 0.29 and a beta of 0.63. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Eldorado Gold Corporation has a 12 month low of $22.15 and a 12 month high of $51.16. Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $529.92 million. Equities analysts predict that Eldorado Gold Corporation will post 3.2 EPS for the current year. ## Eldorado Gold Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. Eldorado Gold's dividend payout ratio is 10.64%. ## Eldorado Gold Profile (Free Report) 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. ## Featured Articles - Five stocks we like better than Eldorado Gold - Bloom Energy’s AI Surge Meets a Valuation Reality Check - Target Is Winning Shoppers Back—Can the Rally Reach $180? - IonQ’s Space Contract Points to a New Frontier for Quantum Investors - Is Apple’s AI Strategy Smarter Than Skeptics Think? **Want to see what other hedge funds are holding EGO?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD. *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Eldorado Gold Right Now? Before you consider Eldorado Gold, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eldorado Gold wasn't on the list. While Eldorado Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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