ARP Americas LLC purchased a new stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) during the second quarter, according to its most recent filing with the SEC. The fund purchased 90,900 shares of the basic materials company’s stock, valued at approximately $241,000.

Other large investors have also made changes to their positions in the company. Rehmann Capital Advisory Group acquired a new stake in shares of Eldorado Gold Corporation during the second quarter valued at $104,000. Karp Capital Management Corp acquired a new stake in shares of Eldorado Gold Corporation during the first quarter valued at $116,000. Aperio Group LLC boosted its stake in shares of 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 valued at $116,000 after buying an additional 9,745 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of Eldorado Gold Corporation by 2.2% in the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock valued at $140,000 after buying an additional 1,148 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of 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 valued at $152,000 after buying an additional 227 shares during the last quarter. 50.80% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Corporation (NYSE EGO) opened at 1.90 on Wednesday. The firm’s 50-day moving average is $2.48 and its 200-day moving average is $3.14. The firm’s market cap is $1.36 billion. Eldorado Gold Corporation has a 52 week low of $1.77 and a 52 week high of $4.38.

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 for the quarter. The business had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The company’s revenue was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. On average, equities analysts anticipate that Eldorado Gold Corporation will post $0.04 earnings per share for the current year.

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Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada cut shares of Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $3.75 to $3.50 in a research report on Thursday, June 29th. TD Securities reissued a “buy” rating and set a $6.50 target price on shares of Eldorado Gold Corporation in a research report on Friday, April 28th. CIBC cut shares of Eldorado Gold Corporation from a “sector perform” rating to a “sector underperform” rating in a research report on Wednesday, June 28th. Credit Suisse Group cut shares of Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $5.25 to $3.25 in a research report on Thursday, June 29th. Finally, ValuEngine raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $4.72.

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

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