Trading Report: Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lowers its Position in Eldorado Gold Corp. (EGO)

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lowers its Position in Eldorado Gold Corp. (EGO)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its stake in shares of Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,000 shares of the company’s stock after selling 59,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.08% of Eldorado Gold Corp. worth $2,988,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of Eldorado Gold Corp. by 2.4% in the third quarter. Aperio Group LLC now owns 29,042 shares of the company’s stock valued at $114,000 after buying an additional 676 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Eldorado Gold Corp. by 0.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,060 shares of the company’s stock valued at $877,000 after buying an additional 1,224 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Eldorado Gold Corp. by 0.9% in the second quarter. BNP Paribas Arbitrage SA now owns 141,155 shares of the company’s stock valued at $635,000 after buying an additional 1,292 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Eldorado Gold Corp. by 1.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 208,875 shares of the company’s stock valued at $940,000 after buying an additional 2,000 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Eldorado Gold Corp. by 3.1% in the third quarter. Capstone Asset Management Co. now owns 70,001 shares of the company’s stock valued at $275,000 after buying an additional 2,120 shares in the last quarter. Hedge funds and other institutional investors own 54.13% of the company’s stock.

Shares of Eldorado Gold Corp. (NYSE:EGO) opened at 2.66 on Friday. Eldorado Gold Corp. has a 12-month low of $1.87 and a 12-month high of $5.16. The firm’s market cap is $1.90 billion. The company’s 50 day moving average price is $3.22 and its 200-day moving average price is $3.98.

Eldorado Gold Corp. (NYSE:EGO) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Eldorado Gold Corp. had a positive return on equity of 0.58% and a negative net margin of 264.05%. The company had revenue of $156 million for the quarter, compared to the consensus estimate of $199.73 million. During the same quarter in the prior year, the business earned ($0.01) EPS. Eldorado Gold Corp.’s revenue was up 38.8% on a year-over-year basis. On average, equities research analysts anticipate that Eldorado Gold Corp. will post $0.07 EPS for the current year.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Wednesday, August 31st. Goldman Sachs Group Inc. raised Eldorado Gold Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $4.40 to $5.00 in a research report on Wednesday, August 10th. BMO Capital Markets set a $5.00 price objective on Eldorado Gold Corp. and gave the company a “hold” rating in a research report on Thursday. Dundee Securities reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Eldorado Gold Corp. in a research report on Monday, September 19th. Finally, TD Securities reaffirmed a “buy” rating and set a $6.00 price objective on shares of Eldorado Gold Corp. in a research report on Friday, September 9th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Eldorado Gold Corp. presently 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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