ING Groep NV decreased its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 7.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,967 shares of the basic materials company’s stock after selling 3,950 shares during the period. ING Groep NV’s holdings in Eldorado Gold Corporation were worth $129,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rehmann Capital Advisory Group bought a new position in Eldorado Gold Corporation during the second quarter worth $104,000. Karp Capital Management Corp bought a new position in Eldorado Gold Corporation during the first quarter worth $116,000. Aperio Group LLC boosted its position in Eldorado Gold Corporation by 28.6% in the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after buying an additional 9,745 shares during the last quarter. World Asset Management Inc boosted its position in Eldorado Gold Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock worth $152,000 after buying an additional 227 shares during the last quarter. Finally, Sprott Inc. boosted its position in Eldorado Gold Corporation by 286.7% in the second quarter. Sprott Inc. now owns 71,750 shares of the basic materials company’s stock worth $189,000 after buying an additional 53,197 shares during the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Eldorado Gold Corporation (NYSE EGO) traded down 1.250% during mid-day trading on Monday, reaching $1.975. The company had a trading volume of 1,641,702 shares. Eldorado Gold Corporation has a 52 week low of $1.77 and a 52 week high of $4.38. The stock has a 50 day moving average of $2.36 and a 200-day moving average of $3.08. The company’s market capitalization is $1.41 billion.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $82.70 million for the quarter, compared to the consensus estimate of $104.71 million. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. Eldorado Gold Corporation’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, analysts expect that Eldorado Gold Corporation will post $0.04 earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on EGO shares. TD Securities reaffirmed a “buy” rating and set a $6.50 price objective on shares of Eldorado Gold Corporation in a research report on Friday, April 28th. Royal Bank Of Canada set a $4.00 price objective on Eldorado Gold Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Canaccord Genuity cut Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine raised Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research raised Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.68.
About Eldorado Gold Corporation
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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