Eldorado Gold Corporation (NYSE:EGO) Shares Bought by US Bancorp DE

US Bancorp DE increased its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 18,987.9% during the second quarter, Holdings Channel reports. The firm owned 364,198 shares of the basic materials company’s stock after buying an additional 362,290 shares during the period. US Bancorp DE’s holdings in Eldorado Gold Corporation were worth $962,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. increased its position in Eldorado Gold Corporation by 29.8% in the first quarter. OppenheimerFunds Inc. now owns 345,178 shares of the basic materials company’s stock valued at $1,177,000 after buying an additional 79,318 shares during the period. GWM Advisors LLC increased its position in Eldorado Gold Corporation by 343.6% in the first quarter. GWM Advisors LLC now owns 197,400 shares of the basic materials company’s stock valued at $674,000 after buying an additional 152,900 shares during the period. Creative Planning increased its position in Eldorado Gold Corporation by 411.2% in the second quarter. Creative Planning now owns 373,893 shares of the basic materials company’s stock valued at $987,000 after buying an additional 300,752 shares during the period. Karp Capital Management Corp bought a new position in Eldorado Gold Corporation during the first quarter valued at $116,000. Finally, Cidel Asset Management Inc. increased its position in Eldorado Gold Corporation by 3.3% in the first quarter. Cidel Asset Management Inc. now owns 3,244,538 shares of the basic materials company’s stock valued at $11,844,000 after buying an additional 103,593 shares during the period. Hedge funds and other institutional investors own 50.80% of the company’s stock.

Eldorado Gold Corporation (EGO) traded down 0.260% during mid-day trading on Thursday, hitting $1.915. 1,803,698 shares of the stock traded hands. The firm’s 50-day moving average is $2.41 and its 200-day moving average is $3.10. Eldorado Gold Corporation has a 12-month low of $1.91 and a 12-month high of $4.38. The company’s market cap is $1.37 billion.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted 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 analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Equities research analysts expect that Eldorado Gold Corporation will post $0.04 EPS for the current year.

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Several research analysts recently weighed in on EGO shares. ValuEngine downgraded shares of Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Credit Suisse Group downgraded shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 price target for the company. in a research report on Monday, July 31st. Scotiabank reaffirmed an “outperform” rating and set a $5.75 price objective on shares of Eldorado Gold Corporation in a research note on Friday, April 28th. TD Securities reaffirmed a “buy” rating on shares of Eldorado Gold Corporation in a research note on Thursday, June 29th. Finally, Zacks Investment Research raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.72.

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.

Want to see what other hedge funds are holding EGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD).

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

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