Eldorado Gold Corp. (EGO) Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its position in shares of Eldorado Gold Corp. (NYSE:EGO) by 22.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,522,687 shares of the company’s stock after selling 5,268,782 shares during the period. Royal Bank of Canada owned 2.58% of Eldorado Gold Corp. worth $58,532,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in EGO. Edmond DE Rothschild Holding S.A. boosted its stake in Eldorado Gold Corp. by 7.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 294,200 shares of the company’s stock worth $927,000 after buying an additional 19,200 shares in the last quarter. Credit Agricole S A boosted its stake in Eldorado Gold Corp. by 55.0% in the first quarter. Credit Agricole S A now owns 3,236,801 shares of the company’s stock worth $10,227,000 after buying an additional 1,148,327 shares in the last quarter. Investec Asset Management LTD boosted its stake in Eldorado Gold Corp. by 34.7% in the first quarter. Investec Asset Management LTD now owns 2,971,801 shares of the company’s stock worth $9,391,000 after buying an additional 765,236 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Eldorado Gold Corp. by 56.0% in the first quarter. JPMorgan Chase & Co. now owns 2,742,343 shares of the company’s stock worth $8,665,000 after buying an additional 984,956 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Eldorado Gold Corp. by 11.1% in the first quarter. Franklin Resources Inc. now owns 11,302,950 shares of the company’s stock worth $35,527,000 after buying an additional 1,130,000 shares in the last quarter.

Eldorado Gold Corp. (NYSE:EGO) traded down 0.117% during trading on Thursday, reaching $4.285. The company’s stock had a trading volume of 3,147,728 shares. Eldorado Gold Corp. has a 1-year low of $1.87 and a 1-year high of $5.16. The company’s 50-day moving average is $4.52 and its 200-day moving average is $3.70. The company’s market capitalization is $3.07 billion.

A number of research firms recently issued reports on EGO. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 price target (up previously from $6.00) on shares of Eldorado Gold Corp. in a research note on Tuesday, May 17th. Howard Weil raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. Scotiabank raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. Dundee Securities cut shares of Eldorado Gold Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, May 16th. Finally, HSBC reaffirmed a “buy” rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $4.98.

Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company’s activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania.