Vanguard Group Inc. lowered its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 8.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,568,271 shares of the basic materials company’s stock after selling 1,263,045 shares during the quarter. Vanguard Group Inc. owned approximately 2.04% of Eldorado Gold Corporation worth $38,460,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in Eldorado Gold Corporation by 96.7% in the 2nd quarter. Northern Trust Corp now owns 520,088 shares of the basic materials company’s stock valued at $1,374,000 after buying an additional 255,639 shares in the last quarter. Public Sector Pension investment Board lifted its stake in shares of Eldorado Gold Corporation by 245.3% during the 2nd quarter. Public Sector Pension investment Board now owns 3,972,278 shares of the basic materials company’s stock worth $10,522,000 after purchasing an additional 2,821,900 shares during the period. Van ECK Associates Corp lifted its stake in shares of Eldorado Gold Corporation by 35.1% during the 2nd quarter. Van ECK Associates Corp now owns 71,727,789 shares of the basic materials company’s stock worth $189,361,000 after purchasing an additional 18,636,491 shares during the period. BlueMountain Capital Management LLC lifted its stake in shares of Eldorado Gold Corporation by 18.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 6,790,226 shares of the basic materials company’s stock worth $17,926,000 after purchasing an additional 1,037,226 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Eldorado Gold Corporation by 5.4% during the 2nd quarter. Wells Fargo & Company MN now owns 464,729 shares of the basic materials company’s stock worth $1,227,000 after purchasing an additional 24,001 shares during the period. 53.27% of the stock is currently owned by hedge funds and other institutional investors.

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Eldorado Gold Corporation (EGO) opened at $1.22 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.80 and a quick ratio of 6.16. The firm has a market capitalization of $1,000.45, a price-to-earnings ratio of 63.00 and a beta of 1.17. Eldorado Gold Corporation has a 52-week low of $1.20 and a 52-week high of $3.91.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share for the quarter. The firm had revenue of $95.35 million during the quarter, compared to analysts’ expectations of $100.63 million. Eldorado Gold Corporation had a positive return on equity of 0.51% and a negative net margin of 5.02%. The company’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share.

EGO has been the topic of a number of recent analyst reports. Canaccord Genuity lowered Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group set a $2.00 price target on Eldorado Gold Corporation and gave the stock a “hold” rating in a research note on Saturday, July 29th. Scotiabank lowered Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and set a $4.00 price target on the stock. in a research note on Monday, July 31st. BidaskClub raised Eldorado Gold Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada reduced their price target on Eldorado Gold Corporation from $3.50 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 29th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.78.

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.

Institutional Ownership by Quarter for Eldorado Gold Corporation (NYSE:EGO)

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