Van ECK Associates Corp boosted its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 35.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,727,789 shares of the basic materials company’s stock after purchasing an additional 18,636,491 shares during the period. Eldorado Gold Corporation comprises 1.0% of Van ECK Associates Corp’s portfolio, making the stock its 24th biggest holding. Van ECK Associates Corp owned about 10.03% of Eldorado Gold Corporation worth $189,361,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EGO. Rehmann Capital Advisory Group purchased a new position in Eldorado Gold Corporation in the second quarter worth about $104,000. Karp Capital Management Corp purchased a new position in Eldorado Gold Corporation in the first quarter worth about $116,000. 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 worth $116,000 after purchasing an additional 9,745 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in 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 worth $140,000 after purchasing an additional 1,148 shares during the last quarter. Finally, 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 worth $152,000 after purchasing an additional 227 shares during the last quarter. 55.07% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on EGO. ValuEngine cut Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating on shares of Eldorado Gold Corporation in a research report on Tuesday, June 6th. CIBC cut 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 Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $5.25 to $3.25 in a research report on Thursday, June 29th. Finally, TD Securities reissued a “buy” rating on shares of Eldorado Gold Corporation in a research report on Thursday, June 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. The company has an average rating of “Hold” and a consensus price target of $4.18.

TRADEMARK VIOLATION WARNING: “Van ECK Associates Corp Increases Holdings in Eldorado Gold Corporation (EGO)” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://theolympiareport.com/2017/09/19/van-eck-associates-corp-increases-holdings-in-eldorado-gold-corporation-ego.html.

Eldorado Gold Corporation (NYSE EGO) traded down 4.31% on Tuesday, hitting $2.22. The stock had a trading volume of 3,029,477 shares. Eldorado Gold Corporation has a 52-week low of $1.77 and a 52-week high of $4.34. The company’s market cap is $1.59 billion. The company has a 50 day moving average price of $2.01 and a 200-day moving average price of $2.81.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. The firm had revenue of $82.70 million for the quarter, compared to the consensus estimate of $104.71 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The company’s revenue was down 22.8% compared to the same quarter last year. On average, equities research analysts predict that Eldorado Gold Corporation will post $0.04 earnings per share for the current year.

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.

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

Receive News & Ratings for Eldorado Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.