Today: Today, APG Asset Management N.V. Sold shares of Eldorado Gold Corp. (EGO)

Today, APG Asset Management N.V. Sold shares of Eldorado Gold Corp. (EGO)

APG Asset Management N.V. lowered its position in shares of Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) by 95.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,050 shares of the company’s stock after selling 1,800,904 shares during the period. APG Asset Management N.V.’s holdings in Eldorado Gold Corp. were worth $413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Eldorado Gold Corp. by 111.7% in the first quarter. Renaissance Technologies LLC now owns 4,941,218 shares of the company’s stock worth $15,614,000 after buying an additional 2,607,218 shares in the last quarter. AMP Capital Investors Ltd raised its position in Eldorado Gold Corp. by 159.1% in the first quarter. AMP Capital Investors Ltd now owns 447,250 shares of the company’s stock worth $1,404,000 after buying an additional 274,606 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Eldorado Gold Corp. during the first quarter worth approximately $6,320,000. Legal & General Group Plc raised its position in Eldorado Gold Corp. by 7.2% in the first quarter. Legal & General Group Plc now owns 1,472,961 shares of the company’s stock worth $4,648,000 after buying an additional 98,623 shares in the last quarter. Finally, LPL Financial LLC raised its position in Eldorado Gold Corp. by 13.8% in the first quarter. LPL Financial LLC now owns 845,764 shares of the company’s stock worth $2,596,000 after buying an additional 102,370 shares in the last quarter. Institutional investors and hedge funds own 54.13% of the company’s stock.

Eldorado Gold Corp. (NYSE:EGO) traded up 0.38% during midday trading on Friday, reaching $2.66. 4,178,218 shares of the company’s stock were exchanged. Eldorado Gold Corp. has a 1-year low of $1.87 and a 1-year high of $5.16. The stock’s market cap is $1.90 billion. The firm’s 50-day moving average is $3.22 and its 200 day moving average is $3.98.

Eldorado Gold Corp. (NYSE:EGO) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.03. The firm had revenue of $156 million for the quarter, compared to the consensus estimate of $199.73 million. Eldorado Gold Corp. had a negative net margin of 264.05% and a positive return on equity of 0.58%. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS. Equities analysts anticipate that Eldorado Gold Corp. will post $0.07 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on EGO. Canaccord Genuity restated a “buy” rating and set a $6.00 target price (down from $6.25) on shares of Eldorado Gold Corp. in a report on Saturday, October 29th. Credit Suisse Group AG upgraded shares of Eldorado Gold Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $5.00 to $5.50 in a report on Sunday, September 11th. Goldman Sachs Group Inc. upgraded shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $4.40 to $5.00 in a report on Wednesday, August 10th. Bank of America Corp. upgraded shares of Eldorado Gold Corp. from an “underperform” rating to a “buy” rating and set a $5.00 target price for the company in a report on Wednesday, September 14th. Finally, Zacks Investment Research upgraded shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a report on Friday, October 28th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Eldorado Gold Corp. has an average rating of “Buy” and an average price target of $5.27.

Eldorado Gold Corp. Company Profile

Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company’s activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania.

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