Zurcher Kantonalbank Zurich Cantonalbank Has $221,000 Holdings in Eldorado Gold Corporation (EGO)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 70.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 83,488 shares of the basic materials company’s stock after selling 195,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eldorado Gold Corporation were worth $221,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in Eldorado Gold Corporation by 16.2% during the 1st quarter. Van ECK Associates Corp now owns 53,091,298 shares of the basic materials company’s stock worth $181,046,000 after acquiring an additional 7,397,249 shares during the period. Vanguard Group Inc. grew its holdings in Eldorado Gold Corporation by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 15,831,316 shares of the basic materials company’s stock worth $53,984,000 after acquiring an additional 617,087 shares during the period. Hexavest Inc. grew its holdings in Eldorado Gold Corporation by 121.5% during the 2nd quarter. Hexavest Inc. now owns 15,523,735 shares of the basic materials company’s stock worth $41,023,000 after acquiring an additional 8,515,065 shares during the period. Bank of New York Mellon Corp grew its holdings in Eldorado Gold Corporation by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,609,444 shares of the basic materials company’s stock worth $33,290,000 after acquiring an additional 824,770 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in Eldorado Gold Corporation by 19.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,718,257 shares of the basic materials company’s stock worth $20,480,000 after acquiring an additional 1,275,000 shares during the period. 55.08% of the stock is owned by hedge funds and other institutional investors.

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Eldorado Gold Corporation (NYSE:EGO) opened at 2.32 on Friday. Eldorado Gold Corporation has a 52 week low of $1.77 and a 52 week high of $4.34. The company has a 50-day moving average of $2.01 and a 200-day moving average of $2.81. The firm’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 business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $104.71 million. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The business’s quarterly revenue was down 22.8% on a year-over-year basis. During the same period last year, the company posted ($0.01) earnings per share. On average, equities analysts forecast that Eldorado Gold Corporation will post $0.04 earnings per share for the current fiscal year.

EGO has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their target price on shares of Eldorado Gold Corporation from $3.50 to $3.00 and set a “sector perform” rating for the company in a report on Tuesday, August 29th. ValuEngine raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. TD Securities reissued a “buy” rating on shares of Eldorado Gold Corporation in a report on Thursday, June 29th. Finally, Credit Suisse Group set a $2.00 price target on shares of Eldorado Gold Corporation and gave the company a “hold” rating in a report on Saturday, July 29th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Eldorado Gold Corporation presently has an average rating of “Hold” and an average target price of $4.18.

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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