Fmr LLC decreased its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 15.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,735,991 shares of the basic materials company’s stock after selling 5,966,060 shares during the period. Fmr LLC owned approximately 4.44% of Eldorado Gold Corporation worth $84,186,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in EGO. Karp Capital Management Corp acquired a new position in Eldorado Gold Corporation in the 1st quarter worth $116,000. Rehmann Capital Advisory Group acquired a new position in Eldorado Gold Corporation in the 2nd quarter worth $104,000. Aperio Group LLC boosted its stake in Eldorado Gold Corporation by 28.6% in the 2nd quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 9,745 shares during the period. Essex Investment Management Co. LLC boosted its stake in Eldorado Gold Corporation by 2.2% in the 2nd quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 1,148 shares during the period. Finally, Sprott Inc. boosted its stake in Eldorado Gold Corporation by 286.7% in the 2nd quarter. Sprott Inc. now owns 71,750 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 53,197 shares during the period. 55.07% of the stock is owned by institutional investors.
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Eldorado Gold Corporation (NYSE EGO) opened at 2.26 on Thursday. Eldorado Gold Corporation has a 1-year low of $1.77 and a 1-year high of $3.91. The stock’s 50 day moving average is $2.17 and its 200-day moving average is $2.72. The firm’s market capitalization is $1.62 billion.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $104.71 million. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The business’s revenue was down 22.8% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. Analysts forecast that Eldorado Gold Corporation will post $0.04 EPS for the current year.
A number of brokerages recently weighed in on EGO. BidaskClub raised shares of Eldorado Gold Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Credit Suisse Group lowered shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 target price for the company. in a research note on Monday, July 31st. Canaccord Genuity lowered shares of Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, TD Securities reduced their target price on shares of Eldorado Gold Corporation from $4.75 to $4.25 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.94.
Eldorado Gold Corporation Profile
Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.
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