Gabelli Funds LLC raised its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 73.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,150,521 shares of the basic materials company’s stock after buying an additional 1,335,721 shares during the quarter. Gabelli Funds LLC owned 0.44% of Eldorado Gold Corporation worth $6,931,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in EGO. Rehmann Capital Advisory Group bought a new stake in shares of Eldorado Gold Corporation in the second quarter worth about $104,000. Aperio Group LLC increased its holdings 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 worth $116,000 after acquiring an additional 9,745 shares in the last quarter. Balyasny Asset Management LLC increased its holdings in shares of Eldorado Gold Corporation by 43.7% in the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 13,889 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Eldorado Gold Corporation by 2.2% during the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after buying an additional 1,148 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Eldorado Gold Corporation by 2.9% during the second quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock worth $175,000 after buying an additional 1,882 shares in the last quarter. 53.27% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Eldorado Gold Corporation (NYSE:EGO) opened at $1.21 on Friday. The firm has a market capitalization of $960.75, a P/E ratio of 60.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.16 and a current ratio of 7.80. Eldorado Gold Corporation has a fifty-two week low of $1.17 and a fifty-two week high of $3.91.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last released its quarterly 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 for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share.
EGO has been the subject of a number of research reports. ValuEngine downgraded Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Credit Suisse Group downgraded Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 price target for the company. in a research note on Monday, July 31st. TD Securities set a $4.00 price target on Eldorado Gold Corporation and gave the company a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada downgraded Eldorado Gold Corporation from an “outperform” rating to a “hold” rating and decreased their price target for the company from $3.00 to $1.75 in a research note on Tuesday, October 24th. Six analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $2.78.
About Eldorado Gold Corporation
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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