Aperio Group LLC increased its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 28.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,832 shares of the basic materials company’s stock after buying an additional 9,745 shares during the period. Aperio Group LLC’s holdings in Eldorado Gold Corporation were worth $116,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. World Asset Management Inc boosted its holdings in shares of Eldorado Gold Corporation by 0.5% during the first quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock valued at $152,000 after acquiring an additional 227 shares during the period. ING Groep NV lifted its holdings in Eldorado Gold Corporation by 1.3% in the first quarter. ING Groep NV now owns 52,917 shares of the basic materials company’s stock worth $180,000 after purchasing an additional 701 shares during the period. Capstone Asset Management Co. lifted its holdings in Eldorado Gold Corporation by 3.6% in the first quarter. Capstone Asset Management Co. now owns 72,551 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 2,530 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Eldorado Gold Corporation by 5.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 278,872 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 14,474 shares during the period. Finally, Gotham Asset Management LLC lifted its holdings in Eldorado Gold Corporation by 1.7% in the 1st quarter. Gotham Asset Management LLC now owns 996,223 shares of the basic materials company’s stock valued at $3,397,000 after acquiring an additional 16,440 shares during the last quarter. Hedge funds and other institutional investors own 55.08% of the company’s stock.
Shares of Eldorado Gold Corporation (EGO) traded down 2.731% on Friday, hitting $2.315. The company had a trading volume of 7,096,450 shares. The firm has a 50-day moving average price of $2.01 and a 200 day moving average price of $2.82. Eldorado Gold Corporation has a 12-month low of $1.77 and a 12-month high of $4.34. The company’s market capitalization is $1.66 billion.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. The firm had revenue of $82.70 million during the quarter, compared to analyst estimates of $104.71 million. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. The business’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. Equities analysts expect that Eldorado Gold Corporation will post $0.04 EPS for the current year.
A number of brokerages have weighed in on EGO. Zacks Investment Research downgraded Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Scotiabank cut their price objective on Eldorado Gold Corporation from $3.25 to $3.00 and set a “sector perform” rating on the stock in a report on Tuesday. TD Securities cut their price objective on Eldorado Gold Corporation from $4.75 to $4.25 and set a “buy” rating on the stock in a report on Tuesday. Macquarie cut Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Finally, ValuEngine cut Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, six 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 a consensus target price of $4.18.
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Eldorado Gold Corporation Company 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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