CIBC Asset Management Inc decreased its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 765,901 shares of the basic materials company’s stock after selling 27,760 shares during the period. CIBC Asset Management Inc’s holdings in Eldorado Gold Corporation were worth $2,029,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in Eldorado Gold Corporation during the first quarter valued at approximately $116,000. Rehmann Capital Advisory Group acquired a new position in Eldorado Gold Corporation during the second quarter valued at approximately $104,000. 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 valued at $116,000 after buying an additional 9,745 shares during the period. 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 valued at $152,000 after buying an additional 227 shares during the period. Finally, ING Groep NV boosted its position 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 valued at $180,000 after buying an additional 701 shares during the period. Institutional investors own 50.80% of the company’s stock.

Shares of Eldorado Gold Corporation (EGO) opened at 1.90 on Wednesday. The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $3.14. The firm’s market capitalization is $1.36 billion. Eldorado Gold Corporation has a 12 month low of $1.77 and a 12 month high of $4.38.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.01 EPS 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 return on equity of 1.41% and a net margin of 1.00%. Eldorado Gold Corporation’s revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. On average, analysts anticipate that Eldorado Gold Corporation will post $0.04 EPS for the current fiscal year.

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Several equities analysts have recently commented on the company. Canaccord Genuity cut Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group cut Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 target price for the company. in a research note on Monday, July 31st. Royal Bank Of Canada set a $4.00 price target on Eldorado Gold Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. 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 report on Monday, July 31st. Finally, CIBC lowered Eldorado Gold Corporation from a “sector perform” rating to a “sector underperform” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus 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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